Thread by @INDwealthHQ

Coronavirus and India - A thread about the distribution and impact of Coronavirus -

Coronavirus, started in China, is now spreading around the world. India is not decoupled with other nations with regards to the spread of Coronavirus.

Let’s see the distribution & impact of this deadly disease -

#CoronaOutbreak #Coronvirus #ItalyCoronavirus #irancoronavirus #indiacoronavirus

Globally, about 3.4% of reported COVID-19 cases have died. By comparison, seasonal flu generally kills far fewer than 1% of those infected. Check out the Virus & Human death rates -

#COVID2019 #swineflu #SARSCoV2

Impact: Stock Markets Decline

The outbreak of COVID-19 has become the main driver of volatility in the stock markets. Fears of short to medium term negative impacts on Chinese and global growth have led to the sharp selloff in stock markets globally.

#DowJones #StockMarket

Check out the impact on major global stock markets -

#Italy

Impact - Fear of economic slowdown:

The global supply chain is impacted largely due to shutdown of manufacturing activity in China which is quite visible in PMI data (35.7 in Feb v/s 50 in Jan).

#PMI #Manufacturing #Supplychain

The virus so far has affected the exports and manufacturing sectors, globally.

OECD has cut both global as well as India's GDP growth forecast by 0.5% and 1.1% on the back of evolving risks to economic activity due to global supply chain disruption.

@OECDeconomy

Central banks around the world, including the U.S. Federal Reserve, have lowered interest rates to support their respective economies amid a rapidly spreading coronavirus — and more are expected to follow suit.

#FederalReserve #ECB #Japan #RBI

However, every central banker is of the belief that - A rate cut will not reduce the rate of infection — it won't fix a broken supply chain.

Back home, RBI, that has already lowered the interest rates by 135 basis point, has hinted that it is monitoring the situation and will take all measures needed to support the financial markets.

Various Indian sectors, due to their higher dependency on Chinese imports are directly impacted, see the chart below:
#exports

What should you do?

Maintain your personal hygiene to save yourself from this virus.

Maintain your risk-profile based disciplined asset allocation for long term wealth creation.

To get a personalized advisory on your investment portfolio, download IND supermoney app now at indwealth.onelink.me/shZo/store

#supermoneyapp #INDwealth