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Unexpected consequences of Covid-19

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Unexpected consequences of Covid-19

How will we look back at the Coronavirus outbreak?

To add to last week’s portents of doom, China (as you will no doubt have seen already) released dismal Purchasing Managers Indices last week. The official PMI, which covers mostly state owned enterprises, fell to 37.5 from 50 in January. The Caixin/Markit index, which covers more privately owned businesses, fell to 40.3 points from 51.1 in January. This is of course well below any expected fall from Lunar New Year and is the lowest reading since .CLICK HERE TO KEEP READING

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