Second Coronavirus Wave Would Finish “V” Shaped Auto Sales Recovery Hopes [Forbes]
Harbor PanAgora Dynamic Large Cap Core ETF (INFO)
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Source: Forbes
Warning sign with text CLOSED COVID-19 on a empty parking lot of an airport or train station.... [+] crisis conceptGettyAs short-term auto sales almost disappear in Europe and the U.S., investors have been hoping a short-lived crash in demand would be followed by a quick and vigorous “V” shaped recovery, but forecasters worry this recovery scenario might be flattened by a second wave of coronavirus infections.Fitch Solutions Country Risk & Industry Research said in a report published Wednesday a second wave of infections could stall the hoped for quick recovery and push it out to 2021 from the hoped-for second half of 2020. That would mean global demand, now expected by Fitch Solutions to fall 9.9% to 83.45 million, would decline by up to 25% in 2020 and weaken further in the first half of 2021, with a rebound in the global automotive sector pushed to the 2“A second wave of the Covid-19 outbreak could stall the recovery in the global automotive sector as re-implementation or the exten
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