Otar Sharikadze, Managing Director of GALT & TAGGART estimates that if the economic shock caused by COVID-19 does not last more than 2-3 months and the current situation does not escalate into a larger-scale crisis, then investors will have the opportunity to invest in companies that have fallen in price during this period.
"The situation is quite volatile. On the one hand, the crisis is hurting, but on the other hand, there is the potential for investment. Too many companies have dropped in price and we see that there are certain messages that as soon as the threat of coronavirus passes, it can turn over very quickly.
The main thing is not to go over the threshold. This limit is probably 2-3 months, after which we can go into a severe recession globally. We see that factories are operating in China, but it is important not to have a second wave. It is very interesting what happens in Asia, because the first wave has passed there and most of their cases are imported by now. The fact is that factories are being developed and China is slowly starting to play its role. Now the main thing is for Europe and America to get out of this situation soon,”said Otar Sharikadze.
