5 Things You Need To Know, Today, on Monday 23rd March 2020
Justin Waite
5 Things You Need To Know
05:59, 23rd March 2020

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5 Things You Need To Know, Today, on Monday 23rd March 2020

5. Asian shares sank today as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession.

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4. Primark's 189 UK stores have closed "until further notice", as demand drops due to social-distancing during the coronavirus pandemic.

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3. Oil prices fell today as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.

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2. McDonald's will close all 1,270 of its restaurants in the UK by the end of the day, as fears over the spread of coronavirus escalate.

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1. The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned.

Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis.

(Click here to read more)

 

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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