Weekly Economic and Financial Commentary – 09 March, 2020
The J.P.Morgan Global Composite Output Index for the Month of February released last week revealed the impact of the rising disruption to demand, supply chains and international trade flows resulting from the COVID-19 outbreak.
The disruptions have resulted in the steepest drops in global economic activity and new business since mid-2009 in February. The index fell to 46.1 in February, down sharply from 52.2 in January and its lowest level since May 2009.
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