Market Update March 2020
Welcome to the March edition of the Market Update
Highlights:
Despite a reasonably robust underlying economy, the impact of the coronavirus is likely to weigh heavily on the US and other China-exposed economies.
The Australian government is preparing to release a targeted fiscal stimulus response to support economic growth and avoid a recession.
Geopolitical and trade tensions have been forced out of the spotlight, but they remain live issues that could re-emerge as the US presidential race begins.
Rate cuts from central banks in response to the coronavirus will be limited in addressing supply-side issues impacting the global economy.
As the UK negotiates a trade deal with Europe, Prime Minister Johnson said he will not seek an extension if an agreement is not reached before 31 December.
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