Stock market movements on an electronic display in New York, U.S. Photographer: Michael Nagle/Bloomberg
The impact on the real economy as a result of the novel coronavirus outbreak and the nationwide lockdown would be 100 times, if not 1,000 times greater than the global financial crisis of 2008.That’s according to the investor couple Devina Mehra and Shankar Sharma, who are director and vice chairman at First Global, respectively. “We thought the GFC (global financial crisis) was the mother of all crises,” they told BloombergQuint in ...