March 2020 Macro Indicators

Searching for Safety


This month’s macro deck summarizes the impact of the COVID-19
epidemic on global economic forecasts and on financial market
prices. Beyond temporarily lost output, interrupted supply
chains, a sharp decline in travel and tourism, and declining
consumer confidence, the ripple effects have just begun spreading
from Asia to Europe and North America.


Jacques Gordon
Global Strategist

Dan Mahoney Senior Strategist

Elysia Tse Head of Research &
Strategy, Asia Pacific