Here are six remnants of COVID-19 that the author believes will influence us as we move forward and will be indelibly etched in our society forever.
Life after COVID-19 according to 30 experts.
For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed and things return to normal. The question is, ‘What will normal look like?’ While no one can say how long the crisis will last, what we find on the other side will not look like the normal of recent years.
However long it will take, we will eventually beat back this virus, and our economies will eventually recover from the punishing recession it will have brought about. But when the dust settles and the masks come off, the pandemic will have permanently reshaped our social and economic behavior. Here are a few outcomes that seem increasingly likely.
A number of weeks ago, a TV anchor in New York asked me when the Coronavirus pandemic would be over, and when would the stock market finally bottom. I told her I couldn’t give her a specific date, but I could tell her the precise criteria that would be needed in order to know when everything would be returned to normal.
The spread of the coronavirus outside of China to a broader swath of countries in Asia and Europe is fueling a broad re-examination of 2020 global economic growth assumptions. Even with Tuesday’s 50-basis-point rate cut by the U.S. Federal Reserve, our economists say the global economy is headed for a significant slowdown at least in the first half of the year.
Although the U.S. economy ended 2019 on solid footing, certain weak spots were clearly developing by the end of the year. The coronavirus outbreak in January further exposed stocks’ vulnerability in the short term. Here are some of the cautionary signs we’re seeing.
Byron R. Wien, vice chairman together with Joe Zidle, chief investment strategist in the Private Wealth Solutions group at Blackstone, recently issued their list of Ten Surprises for 2020. This is the 35th year Byron has given his views on a number of economic, financial market and political surprises for the coming year.
As Chinese authorities deal with a rapidly spreading coronavirus, investors are raising questions about the potential impact on global economic growth and the financial markets. While much is still unknown about the extent of the outbreak — and, crucially, how long it may last — the initial drag on China and other emerging markets is starting to come into focus.
Nuveen’s chief equity strategist, Bob Doll, is heading into 2020 with a generally bullish outlook, despite the quirky and unpredictable influences of a presidential election.