JPMorgan Asset Management's David Kelly said South Korea, Taiwan and Hong Kong have a better chance of 'escaping from Covid-19 than Europe and the U.S. does.'
JPMorgan Asset Management's David Kelly said East Asia's outlook is "quite good" relative to other regions of the world.
"I think the overall outlook for East Asia is quite good relative to to other regions of the world … in economic terms and probably in market terms in the second half of 2020," Kelly told CNBC's "Squawk Box" on Thursday. "It may be that while the U.S. and Western countries will shy away from achieving some sort of herd immunity and wait for a vaccine, it could be that China may soldier on with reopening the economy even if there's some rise in the case load and they will sort of struggle to try and dampen down that growth but not abandon this reopening of the economy," Kelly said.
"I think first quarter GDP will now be negative in the U.S., but second quarter GDP could be down 20 to 25% in annualized rate," Kelly said. "A huge decline."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Some countries in the Middle East are using artificial intelligence to fight the coronavirus pandemicAI's ability to crunch large amounts of data has allowed governments worldwide to collect information to try and stop the pandemic.
Lire la suite »
Writers Guild East Accuses NBCUniversal of Union-BustingNBC's statement on WGA East's union-busting claim: 'We have not seen the filing yet, but based on what’s in press reports, we strongly refute what’s being alleged.'
Lire la suite »
The pandemic deepens the sectarian divide in the Middle EastAccusations of biological aggression is distracting the region from working together to defeat Covid-19.
Lire la suite »
'Severe and unprecedented': IMF warns Asia's economy will not grow at all in 2020 because of coronavirusFor the first time in 60 years, Asia as a region will not register any economic growth this year because of the coronavirus pandemic, according to IMF forecasts.
Lire la suite »
Global Stocks and U.S. Futures FallStock benchmarks in the Asia-Pacific region declined, while S&P 500 stock futures traded lower, as mounting evidence of the economic damage caused by the coronavirus pandemic put pressure on markets.
Lire la suite »
Forbes Asia Tracker: How The Region’s Tycoons, Entrepreneurs And Businesses Are Combating The CoronavirusAs with many others around the world, Asia’s business leaders and companies have stepped up to combat the coronavirus pandemic.
Lire la suite »