Markets extended their recent gains, rising 2.3% for the week, registering their first back-to-back positive weeks since the market sell-off began in mid-February. Optimism on partial re-opening plans for the US and other economies provided the catalyst to boost markets. YTD the MSCI World TR Index is down -13%.
Economic forecasts and data remain under pressure, with the IMF forecasting a 3% drop in global growth, a much deeper contraction than the 0.1% decline that followed the global financial crisis just over a decade ago. CLICK HERE