Latest Update
2019/2020 End of Financial Year Commentary
Posted: 4 Aug 2020
FY 2019/20 began with strong momentum across most financial markets. However, as the year progressed, unemployment drifted higher, and coupled with benign inflationary pressures, many countries began to lower interest rates further in response. As the financial year headed towards March, the COVID-19 coronavirus rapidly spread across the globe, with containment measures shutting down entire economies. The impact of this economic shutdown appears to have reversed much of the economic and financial progress over the last few years and the world now finds itself in unprecedented circumstances. Major economies are now focused on delivering stimulus to support stability as the world battles containment of the pandemic.
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