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Friday, April 03, 2020 / 06:00AM / Proshare
Business
Since the outbreak of the
novel Coronavirus (COVID-19), activities around the world have taken a
different turn; from markets recording continuous decline to Central Banks
resulting to the provision of stimulus packages and quantitative easing all in
a bid to salvage the economy; go. In the same vein, businesses have been on a
stand still as governments enforce a lockdown in order to contain and curb the
spread of the virus.
As fundamentals change in both the macro and micro economic landscape, there is no doubt that business will no longer be as usual. As the uncertainty in the global and local sphere continues to mount, researchers are on a quest to find a vaccine for the Coro
navirus, while market analysts continue to watch data and responses from
government in order to somehow forecast what the outlook for the economy would
be after the pandemic.
In the face of this, DATA
remains key. For easy access to data on global and local markets, responses
from both the public and private sector, guidance, advisory and live updates on
COVID-19, Proshare today launches the "Proshare CoronaWatch Central" - a dedicated digital platform focused on tracking updates, policies,
reforms and advisories from international and domestic agencies / community as
well as the effect of the pandemic on the Global, African and Nigerian
financial market and the economy.
In addition, Proshare in
response to the national call and reactions of forward-thinking entities,
donated to the Relief Fund Account set up by the Private Sector Coalition
Against COVID-19 (CACOVID). This is alongside other donations made to the
Federal Medical Centre, Ebute Metta (Healthcare Workers) and the Proshare
Foundation (Advocacy & Enlightenment), as part of its support and fight
against Covid-19.
Speaking on the
development of the Proshare CoronaWATCH Central, Reshu BAGGA, the Chief Technology
Officer at Proshare stated that "the platform was developed as part of our
commitment to ensuring credible, reliable and timely information is available
from verified sources to the general public." She further added that "businesses
need to think out of the box due to the uncertainties at this time, and
reliable data and access to information via a credible platform is the only
means to ensure one can stay ahead."
On how this would enhance
the work done by analysts in understanding the impact of the pandemic to aid
prompt release of outlooks for various sectors, Teslim SHITTA-BEY, the Chief
Economist & Managing Editor at Proshare asserted that "the CoronaWatch is
one that facilitates access to figures and facts about the pandemic."
In addition, he noted that the Economic Desk of Proshare commenced commentaries around the subject - "Coronanomics" in February 2020, to assess and analyse how governments, corporates and individuals are dealing with the pandemic; while a Coronanomics Watch was debut via the WebTV Platform after the recent lockdown to keep the public abreast of updates around the world and enable the public gain insights from experts and key stakeholders in the economy and financial markets on a daily basis.
While the end of the
pandemic remains unknown and economies seek a way out, it is evident that there
is a paradigm shift and more needs to be done for economies and the financial
markets to get back on track.
Visit the Proshare
CoronaWATCH Central HERE
For comments, feedback and
enquiries, kindly send an email to research@proshareng.com
You can also subscribe to
the WebTV Youtube
Channel HERE
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