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Will the health crisis turn into a financial market crisis? That could happen if governments fail to prevent a tidal wave of bankruptcies. This is the negative picture that Edgar Walk, Chief Economist at Metzler Asset Management, paints of the corona crisis and its possible consequences. However, in a base scenario, he assumes that a severe recession continuing into the second quarter will be followed by strong economic recovery.
Read more on this topic in the newest special edition of market:update.
joined Metzler in 2000. As Chief Economist in the Asset Management division, he is responsible for formulating our global economic outlook. Due to his close cooperation with the portfolio management, he focuses on capital market themes as well as on global economic analyses. Mr. Walk holds a master’s degree in economics from the University of Tübingen in Germany and spent a semester at the University of Doshisha in Kyoto, Japan. In addition, he completed the program “Advanced Studies in International Economic Policy Research“ at the Institute of World Economy in Kiel, Germany.