The coronavirus-led shutdowns have been escalating in america, as greater than 6,500 people have tested positive and at the least 110 have died. All 50 states in america and the District of Columbia have confirmed circumstances of coronavirus. Globally, the variety of contaminated circumstances has risen to more than 200,000, with a demise toll of round 8,000 (learn: ETF Strategies to Follow Amid the Coronavirus Crisis).
The outbreak has disrupted international provide chains and financial actions. Furthermore, analysts are more and more speculating a world recession, given the speed at which the outbreak is spreading in Italy, France, Spain, Germany, the U.Ok. and the United States. The fast unfold of the virus is resulting in sweeping journey bans and cancellation of enormous occasions, in addition to shutting down of colleges, schools, universities, eating places and bars, and purchasing malls. In such a state of affairs, slowing international financial development appears inevitable. On this regard, JPMorgan estimates {that a} recession will hit the U.S. and European economies by July. In accordance with the monetary providers agency, the U.S. economic system may contract 2% within the first quarter and 3% in the…