This unprecedented crisis has brought about a worldwide economic standstill. No individual or business is truly prepared or protected. From a single point of origin, the outbreak has spread to affect the major economies and global superpowers of this era. National containment measures have somewhat levelled the curve, but at great cost to economic vitality. And yet, the risk of recurrence remains.
With no historical pattern to draw upon, these measures combined with major monetary and stimulus packages and risk perceptions have created a volatile and unpredictable business environment, especially in the FX market. Have we done enough to salvage our economy or are our financial markets beyond recovery?
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Chief Economist, ASEAN and South Asia at Standard Chartered
Head of ASEAN and South Asia FX Research at Standard Chartered