Friday, April 3, 2020

Graphic: Three months that shook global markets

How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.


The numbers have been staggering. $15 trillion has been wiped of world stock markets , oil has slumped 60% as Saudi Arabia and Russia have started a price war and emerging markets like Brazil, Mexico and South Africa have seen their currencies plummet more than 20%.

Volatility and corporate borrowing market stress has spiked on worries that whole sectors could go bust, airlines  have had half their value vaporized, while cratering economies risk a new wave of government debt crises.

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