The recent sharp recovery in the global equity markets has represented a disconnect between the economy and the equity market. Despite the short-term negative macroeconomic outlook, there is an anticipation of a return to more normal economic conditions in the medium and long term.
The unfolding global Covid-19 pandemic led to heightened market volatility in the first half of 2020—and, as of May 2020, 80% of the small subset of Vanguard U.S. investors who abandoned equities and moved to cash would have been better off had they simply “stayed the course.”
Amid the COVID-19 pandemic, the International Monetary Fund lowered its forecast for growth in emerging and developing economies for both 2020 and 2021. The way out wonâ€™t be easy. But not all is lost for emerging markets.
01 jul. 2020
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