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Goldman Sachs just lately trimmed the U.S. financial progress forecast for the first quarter of 2020 to 1.2% from 1.4% resulting from aggravating coronavirus concerns. The present GDP projections examine unfavorably with the two.1% rise in financial progress within the fourth quarter of 2019 and 2.3% rise in 2019. Furthermore, main U.S. indices just like the Dow Jones and S&P 500 noticed the steepest one-day decline of round 3.5% and three.3%, respectively, since 2018 on Feb 24. Main U.S. corporations just like the NIKE, Inc. NKE, Apple Inc. AAPL and The Walt Disney Firm DIS, which have intensive operations in China, noticed their shares decline more than 4% on the day (learn: ETF Strategies to Mark as Virus Scare May Hit Global Growth).
Iran, Italy and South Korea are seeing main will increase within the number of Covid-19 cases. It’s being feared that the outbreak may escalate into a world pandemic, disrupting world provide chains and financial progress for a long time period.
Given the scenario, let’s check out some ETF areas that traders can comply with for a clean sail in these turbulent instances.
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