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Investors are suddenly confronted with a rapidly changing investment landscape as a result of the coronavirus pandemic. The more immediate of these is an economy which is placed in a self-induced coma in order to create the social distancing necessary to mitigate the pandemic.
But the pandemic is not easing, it's accelerating, and this despite the example of successful containment in parts of Asia and having months to prepare.
This failure has made much bigger measures necessary, and investors have to navigate a complex landscape with downgrades, possible credit crunches, much-reduced earnings visibility, demand falling