23 Mar 20 - Week Ahead, Shutdown Impact | Rio Tinto Global markets sold off on Friday, to cap the worst week for equities since the global financial crisis amid dire warnings about the economic effects of the coronavirus pandemic and as governments stepped up efforts to keep people at home. Goldman Sachs warned the US economy may shrink 24% on an annualized basis in the second quarter.   In response to feedback on Friday’s email, we would like to highlight there is clearly a large amount of uncertainty as global shutdowns mean there is no doubt we are in a global recession. However, the question is, how long will it last. In our view, this comes down to how long containment measures remain in place. Looking at the experience in China/Wuhan, Wuhan was shut down for 50 days, and economic activity in China looks to be returning. Further, we are entering into summer in the US/Europe, which is good news as data shows coronavirus prefers co...