Stock Markets Record Fastest Drop in History and Could Remain Down, Says XP

According to a report, stock market indices in different countries had never plummeted by between 30 and 40 percent in a period of only two weeks.

RIO DE JANEIRO, BRAZIL - It is too early to assess the impacts of the coronavirus pandemic on the world economy. But in stock markets, the damage is now the fastest ever since records have been kept - and the decline may continue.

This assessment is part of a report released by XP Investments. According to the text, the stock market indices of different countries had never before dropped between approximately 30 and 40 percent in a period of only two weeks, as they have now.

In the 1929 crash, the Dow Jones index in the United States took 35 days to . . .

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