In the opening weeks of 2020, investors had very few hints of the daunting events to come in this most unusual year. Although global economic growth was slowing, there were reasons to be cautiously optimistic.
That was then. This is now.
Over three challenging months, coronavirus-induced lockdowns have wreaked havoc on global economies. Millions have filed for unemployment benefits. COVID-19 infections appear to have peaked in many places, but the risk of secondary outbreaks remain.