Sample COVID-19 Market Update

Fears related to the global economic impact of the coronavirus have rapidly accelerated. As cases and death tolls outside of China have grown, there is much uncertainty and a lack of agreement on how governments will respond. A temporary slowdown in economic activity will stem from global action to contain the spread of the virus (i.e. travel restrictions, temporarily shuttering operations, and canceling public events). Changes to consumer spending (i.e. less demand to be in public shopping centres or restaurants, reduced demand for travel and tourism) will impact near-term corporate profits. However, neither of these consequences are expected to result in a fundamental shift in long-term economic performance.

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