HIGHLIGHTS:

 

  • United States (US): Consumers are increasingly feeling the effects of COVID-19, and more than half of surveyed respondents believe it will take more than four months for routines to return to normal.

  • Eurozone: Survey information indicates a souring in consumer sentiment, more so than in other major countries, as containment measures implemented to curb the spread of COVID-19 weighs negatively on consumer optimism.

  • United Kingdom (UK): The lockdown restrictions on business have had notable effects on staffing levels and working hours, which will dampen spending in the near term, despite relaxed credit conditions.

  • China: The economy experienced a staggering decline in growth in the first quarter of 2020, as production and spending came to a standstill during the country’s lockdown.

  • South Africa (SA): Early insight into the effects of the national lockdown and necessary containment measures on SA businesses suggest a significant hit to output and jobs.

  • Financial markets: Global equity markets staged a sharp rebound from the low reached on 23 March 2020, but investors remain wary that equities have rallied too far and too fast. 

     

     

     

     

     

     

     

     

     

 

To download the full report, click on the image alongside (1.9 MB)

 

ENDS

 

 

 

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