The coronavirus may trigger a very strong recession in the entire world. It will be a “mother of all recessions,” according to CEO of BNP Paribas Asset Managment Frederic Janbon.
He commented that stock markets are demonstrating growth after collapsing last spring. However, in reality this does not reflect the actual situation in global economy.
The expert stressed that the stock market growth is happening too fast and investors have not yet taken the risks of a second wave of COVID-19 into account. Subsequently, the economic recovery will take a long time, Prime reports citing the expert.