THE global economy is in recession, Universal Basic Incomes becomes a reality while stock markets continue to plummet and the Texas oil regulator meets with Opec amid a historic fall in crude prices.
In addition to all of this, rating agencies could soon downgrade many of BBB-rated companies in light of the market turmoil, converting them into so-called fallen angels.
For the third to fifth consecutive week, the European STOXX 600 index closed in the red as fears over the fallout from the Covid-19 coronavirus continue to spread all over the world. Even regional stimulus measures failed to hold.
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