Following the outbreak of Covid-19 in January 2020 in China, and the speed at which the virus spread to other countries, investors fear an economic downturn.

Towards the end of February, the Dow Jones and S&P 500 indices recorded their sharpest decline in years, with the former shedding more than 1,000 basis points (bp). The S&P/TSX Composite Index fell nearly 280.79 points to 17,562.74. the FTSE 100 lost over four percent of its value, the sharpest drop since the Brexit announcement. Spain’s Ibex was down more than eight percent and there were also losses for Italy’s FTSE MIB (more than six percent), France’s Cac

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