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Citi: Recovery is more dependent on pandemic than US election

US-based banking giant Citi says the pace of global economic recovery, political clarity will remove some uncertainty. Argued that the US will depend more on how much the pandemic can be contained than the election results.

“Finding a solution to the Covid-19 problem in the health system in the USA
It will be a much more important global economic catalyst than any political change to take place. ”

Citi analysts also emphasized that President Trump’s steps regarding the election results may still pose a risk to the real economy and financial markets.

Citi analysts wow, the majority in the Senate are. They also stated that it seems unlikely that a new coronavirus aid package will arrive until next year due to the inability to obtain it, and this may put pressure on the power of economic recovery.

Written by Maraaz

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