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Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit
The ultimate global economic hit from this year’s outbreak of Wuhan-strain coronavirus is unknowable, but whatever it turns out to be it will come at a time when the world economy is manifestly ill-equipped to cope. As the old year faded out, 2020 seemed to offer promise for growth-linked, assets such as commodity currencies, commodities themselves and stock markets. However, that promise seems to have faded appreciably even before January is through, with haven assets such as the Swiss Franc and gold ruling instead. The system of global trade remains under political pressure of an order not seen before in the ... (full story)