Video: COVID resurgence threatens global recovery – Alex Joiner
IFM’s Chief Economist, Alex Joiner, features in our Monthly Economic Update video discussing recent key developments in economies and markets globally.
This edition was recorded during the most recent Melbourne lockdown, with Alex discussing the economic implications of the recent global resurgence of COVID-19. He now believes a synchronised global recovery is much less likely, with the uncertain growth outlook putting downward pressure on bond yields. In Australia, a quarter of negative growth is looming following harsh lockdowns across multiple states.