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Et aliquam.The recovery in risk assets suggests investors are betting that we may see a peak of the crisis in the coming weeks and a re-opening of the global economy. The gradual relaxation of measures which has begun in China and will soon begin in Austria

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Project 9

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Et aliquam.The recovery in risk assets suggests investors are betting that we may see a peak of the crisis in the coming weeks and a re-opening of the global economy. The gradual relaxation of measures which has begun in China and will soon begin in Austria, Denmark and the Czech Republic has raised hopes that other countries will shortly follow their lead. In this upbeat scenario, markets and the global economy experience a V-shaped recovery where most of the economic damage is experienced in Q2 and the global economy shows signs of recovery as we move into Q3.