The sharp falls in equity prices show that things are moving fast and this week we revised down our 2020 GDP growth forecast to reflect the damage to the global economy from the coronavirus. But the clear risk is that things get worse before they get better and that equity prices continue to fall rapidly. If so, there would be a chance that the Bank of England intervenes either with a statement containing some soothing words or, if things deteriorate much further, by cutting interest rates at an emergency meeting.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services