Governments and central banks, helping largely

Nasty business

The novel coronavirus has introduced a hefty dose of uncertainty to global growth forecasts

Responses to the pandemic

Covid-19 uncertainty cuts both ways. We remain cautiously optimistic that catastrophic outcomes can be avoided, partly due to swift fiscal and monetary-policy responses.

U.S. Economic Outlook

By: Christian Scherrmann

The economics of a pandemic

How the Fed failed to alleviate market fears

The Fed cuts interest rates to almost zero. Markets seem to interpret this as an act of monetary helplessness. It looks like some policy responses are as scary as the virus itself.

Like oil and water

The oil price is simultaneously getting squeezed downward by both weak demand and higher supply. What next?

Adjusting our strategic CIO View forecasts

The global spread of the coronavirus forces us to revise our forecasts. We remain cautiously optimistic that the virus can be contained within the first half of the year.