With the FTSE 100 falling 6.7 percent today and global stock markets plummeting as oil prices crashed 19 percent over the weekend, fears of a worldwide recession are mounting amid the worsening spread of Covid-19.

“It now looks quite possible that the global economy could fall into recession over coming months,” said Rupert Thompson, chief investment officer at Kingswood.

“Demand will be hit, and company supply chains disrupted by the containment measures now being put in place.”

Christopher Smart, chief global strategist & head of the Barings Investment Institute, said that the economy was likely ...