Insightful overview on the potential economic impacts of #COVIDー19 from @ConstanceHunter & team...Some takeaways...(1/8) #GlobalTrends #Macro #Risks
2/8 The inverse relationship between flattening the caseload curve and the economic cost...#COVIDー19 #Macro #Risks
3/8 Real exposure is with low income groups, Gig-workers and hospitality sector..lack of safety net and #healthcare leads to lack of testing and ability to self quarantine..#US #Risks #Inequality
4/8 #US risks to corporate debt mountain...Baa's poised for downgrade w. risks of forced liquidations, High yield in #risk of default & CLOs heading into risky territory at record levels...#Macro #Credit
6/8 Weaker currencies and slowing growth raises concerns for #EM debt viability...Especially for #commodity focused economies..#Macro #Risks
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