Next recession risk surging due to coronavirus acceleration: Chun Wang - Business Insider

, an investing podcast. "We could be looking at recession within the next six or 12 months."When Wang refers to "limbo," what he's referencing is the level of ambiguity surrounding theimpact on the economy. Right now, he thinks the potential outcomes are fraught with uncertainty — and policy makers aren't helping the cause.

"You got to get in front of the curve — get ahead of the curve to actually provide any benefit in terms of stabilizing market sentiment," he said. "I don't think we're going to see anything like that." "We basically think coronavirus is an accelerator, not a catalyst," he said. "Basically, we think if consumers and businesses — like you said, hotels — change their behavior and start to pull back, we could be looking at recession within the next six or 12 months."

1000%

Reading articles like this , not for the article (well done) but considering the timing , next week will be a green buy

Ok lets all get fired, stopping leaving, stopping traveling, staying home until 2021. This is so silly and hippocratic! Its easier to die of tuberculosis than Corona. Midia is ridiculously irresponsible nowdays - Dont bring the big picture.

Bears will be soon punished

vs at the same time...

If we get out if here with just a recession, it will be a miracle.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Complex Networks Names Nick Wang Head Of International Business DevelopmentEXCLUSIVE: Complex Networks, the Verizon/Hearst-backed youth-culture media collective, has hired Nick Wang as its new Head of International Business Development. In the role, Wang will lead efforts…
Source: DEADLINE - 🏆 109. / 63 Read more »

Coronavirus recession outlook: Why Morgan Stanley is best positioned - Business InsiderLow interest rates usually eat away at banks' net interest income, but Morgan Stanley's business is far less exposed than its peers, analysts said.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Edge, Hudson Yards' newest attraction, temporarily closed due to coronavirus - Business InsiderEdge, the 100th-floor observation deck in Hudson Yards, has temporarily closed to visitors just 2 days after opening because of coronavirus concerns
Source: BusinessInsider - 🏆 729. / 51 Read more »

Glossier closes stores temporarily due to the coronavirus - Business Insider'We're not alarmists, we're realists. While this may not be the right decision for every company, it's the one where we feel we can make an impact.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Products rationed because of panic-buying due to novel coronavirus - Business InsiderPasta, milk and toilet paper are being rationed due to panic-buying around the world. Here are all of the items that'll be tougher to get your hands on for COVID-19 quarantines. 'THEY ALL THINK THAT THE WORLD IS COMING TO AN END'!!!!!!!!!!! 👎😕💥 Milk spoils coronapocalypse panicshopping
Source: BusinessInsider - 🏆 729. / 51 Read more »