https://www.heraldmailmedia.com/news/state/t-rowe-price-2020-midyear-market-outlook-path-ahead-for-financial-markets-depends-on-how/article_356ab962-38a8-59d3-8fc8-91f3dd26301c.htmlT. Rowe Price 2020 Midyear Market Outlook: Path Ahead For Financial Markets Depends On How Quickly Global Economies Navigate Through Pandemic
By T. Rowe Price Group, Inc. Jun 23, 2020
BALTIMORE, June 23, 2020 /PRNewswire/ -- The longest equity bull market in history came to a sudden and shattering end in March as the Covid-19 pandemic killed hundreds of thousands of people worldwide, forced governments to impose a strict and prolonged quarantine of citizens, and plunged the shuttered global economy into recession. By mid-June, some countries began to emerge from quarantine, leading to concerns about a second wave, while some developing market countries continued to see a troubling rise in new infections. The global economy and markets are likely to remain volatile as scientists race to develop effective treatments and to deploy a vaccine in mass quantities, potentially sometime in 2021.