As I write, the financial markets are entering free fall due to the events surrounding coronavirus in the last few weeks, no more so than in Italy.
But we can put things in perspective. Just this morning I received this as part of an asset manager review of the situation:
'Away from the frightening headlines there is a glimmer of hope. The bad news is that the virus has now gone global and will undermine economic activity outside of China. Within China, however, the number of new cases is falling, the trend in recoveries is encouraging and economic activity is starting to resume. Beyond the next month or two, the turnaround in China may gradually spread abroad'.
In the meantime, if you yourself, or anyone you know is at risk from the virus please take all measures to stay safe!
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