Covid-19 impact progressing from supply shock to demand shock: BofA Securities

A survey of over 1000 persons by BofA Securities shows that COVID- 19 outbreak is fast progressing from a supply shock, to prevent spread, to a demand shock, on falling incomes and job losses. Only 16% reported that they saw no change in income and employment since lockdown. While 19% have lost their jobs.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.

x