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Coronavirus testing our global outlook
We still expect the global growth to edge higher this year, even as the coronavirus outbreak has introduced uncertainties, as detailed in the February update of our Global Outlook. V-shaped recoveries in economic activities have often followed past epidemics – and we expect a repeat of this pattern. Yet the depth and width of the “V” this time are highly uncertain. This outbreak could be more disruptive than past ones because it could be more severe, and because of greater reliance on global supply chains. Growth prospects have started to improve in key developed economies since late 2019. Our BlackRock Growth ... (full story)
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