As South Africa prepares to enter a 21 day national shut down from Thursday evening, the world is left to digest the stark losses that have been seen in global markets over the past 3 months due to the Coronavirus pandemic. Joining CNBC Africa to unpack the ways in which investors can navigate the current economic crisis is Han Tan, Market Analyst at FXTM.
Globally central banks are responding to the devastation that coronavirus is causing to their economies. The Bank of England reduced its interest rate ahead of its scheduled meeting and now the US Federal Reserve has introduced a stimulus package to shield their economy from the impact of coronavirus. But is this enough to stave off long term economic harm? Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM joins CNBC Africa for more.
The World Trade Organisation has cut its global trade growth forecast for this year by more than half to the weakest level in a decade. Joining CNBC Africa for more is Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM.