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CFAL Global Economic & Market Review Q1 2020

31 March, 2020

At the end of 2019, the global economy looked poised to continue a modest recovery. While headwinds still existed, it was widely expected that stabilization would persist. However, in the first quarter of the new decade, the rapidly increasing spread of COVID-19, a new coronavirus discovered in China, resulted in a collapse in economic activity and put the world in “The Great Lockdown”.