RESEARCH • 17 March 2020
China edges towards recovery as global markets absorb COVID-19 shockwaves
Countries worldwide are absorbing the economic shockwaves resulting from the global pandemic, with many wondering when regional recoveries can be expected.
- Although the worst of the global pandemic has shifted westwards to Europe and the United States, countries across the globe are absorbing the economic shockwaves, and will continue to do so in the near-term.
- Recession risk is growing across Asia-Pacific as other markets downgrade their 2020 GDP growth outlook. Although the impact will vary between sectors, real estate rental values are set to fall, which would have an adverse impact on pricing.
- As the current crisis continues to unfold, investors should not only remain vigilant but also look beyond near-term volatility. A recovery could be pencilled in as early as the third quarter of 2020.
