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Besieged financial markets search for clarity

Today, 24 days into the COVID-19 sell-off, the S&P 500 is down 32 percent. In 2008, at the equivalent point in the Lehman Brothers collapse, the index was down 24 percent. It appears the current climate is worse because fear of the unknown is lasting longer. These unknowns include extreme lack of clarity on the ultimate duration and spread of the virus and how to mitigate its economic impact. The declaration of a national emergency, massive support from the US Federal Reserve (as in 2008), and an immense fiscal stimulus package making its way through the US Congress (also as in 2008) haven’t stopped the slide. For stock prices to stabilize and eventually recover, money alone won’t do it. Greater clarity about how governments will manage the crisis is badly needed.

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Our Experts

Thought leaders who provide trusted insights for navigating companies and the economy though COVID-19.

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Bart van Ark

Outgoing Chief Economist; Program Director, CFO: Fortune 250 Council

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Lynn Franco

Director, Economic Indicators and Surveys

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Ataman Ozyildirim, PhD

Director, Economic Research, and Global Research Chair

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Matteo Tonello

Managing Director, Environmental, Social, and Governance (ESG)

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Gad Levanon, PhD

Vice President, Labor Markets

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David Hoffman

Senior Vice President Asia and Managing Director of the China Center for Economics & Business

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Rebecca L. Ray, PhD

Executive Vice President, Human Capital

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Anke Schrader

Senior Researcher

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Amy Lui Abel, PhD

Vice President, Human Capital Research

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Thomas Singer

Principal Researcher

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Dr. Uwe G. Schulte

Leader, Global Sustainability Centre and Program Director

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Paul Washington

Executive Director, ESG Center

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Ilaria Maselli

Senior Economist

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Amanda Popiela

Researcher, Human Capital

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Elizabeth Crofoot

Senior Economist, Labor Markets

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John Forsyth

Leader of the Consumer Dynamics Institute

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Cindy Cisneros

Vice President of Education Programs

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Steve Odland

President and CEO

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Jeff Hoffman

Institute Leader, Corporate Citizenship & Philanthropy, ESG Center

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Joseph J. Minarik

Senior Vice President and Director of Research

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Erik Lundh

Senior Economist

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Robin Erickson, PhD

Principal Researcher

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JP Kuehlwein

Marketing Institute Leader

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Denise Dahlhoff, PhD

Senior Researcher, Consumer Research

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Laura Sabattini, PhD

Principal Researcher, Human Capital

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Robert Schwarz

Senior Researcher, ESG Center

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Chiqui Cartagena

Chief Marketing Officer & Center Leader, Marketing & Communications

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Dr. Mahdy Al Jazzaf

Executive Director

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Devin O’Connor

Deputy Director, Economic Research

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