Asset Management

Fidelity: Coronavirus ‘grey swan’ could derail global growth

Asset manager warns the escalating contagion could prove a serious blow to already-fragile business confidence

Pedestrians wearing protective masks cross a street in the Mong Kok district of Hong Kong, China
Pedestrians wearing protective masks cross a street in the Mong Kok district of Hong Kong, China Photo: Paul Yeung/Getty Images

Sentiment among analysts at Fidelity International has dropped to its lowest level in four years, with the coronavirus identified as a potential threat to companies’ growth prospects in 2020.

According to the asset manager’s influential analyst survey — comprising the views of 150 Fidelity members of staff and based on 15,000 meetings with companies — the escalating contagion could prove a serious blow to already-fragile business confidence.

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