Thai, Asian markets resume losses as stimulus joy fadesWith billions of people around the world in lockdown for the foreseeable future, there are increasing worries about the impact on the global economy, which is already expected to fall into recession. While the disease ravages populations and the global economy grinds to a halt with 40% of the planet in lockdown, experts are struggling to get a grip on the scale of the crisis that is forecast to cause a worldwide recession. Meanwhile, senior US scientist Anthony Fauci issued a tentative prediction that Covid-19 could claim up to 200,000 lives in the US. This is the big unknown and it suggests markets are likely to remain volatile until this uncertainty is resolved." The oil market remains in turmoil, with the Saudi-Russian price war adding to the impact of battered demand caused by the virus.
Source: Bangkok Post March 30, 2020 04:52 UTC