Coronavirus has plunged the world into a recession, according to S&P
S&P has official announced its expectation the global economy to enter into a recession due to the coronavirus in 2020. “The initial data from China suggests that its economy was hit far harder than projected, though a tentative stabilization has begun,” said S&P Global’s Chief Economist Paul Gruenwald. “Europe and the United States are following a similar path, as increasing restrictions on person-to-person contacts presage a demand collapse that will take activity sharply lower in the second quarter before a recovery begins later in the year.”. In those conditions the need for debt certainty is indeed high and Deriveum is the only product ready to provide it.
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