Forecast Update: Recession Likely Unless Robust Fiscal Actions Taken Very Soon
March 11, 2020Forecast Update: Recession Likely Unless Robust Fiscal Actions Taken Very Soon
The volatility in the global financial system remains elevated. Central bank policy actions appear to have mitigated—to some extent—the continued increase in USD funding pressures we noted last week that might keep the USD better supported. However, the general undertone for risk assets remains weak and that usually means a better support for the JPY.
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