Deeper Crisis & Weaker Recovery

If we look at the recovery so far in the majority of economies it is quite less exciting than what many expected, so what we can certainly rule out is the concept of a V-shaped recovery.

Deeper Crisis Weaker Recovery

 

I think it’s also very uneven. We see that the recovery is quite rapid in those areas that have to do with government spending and weaker in those areas that have to do with travel and leisure.

Considering the outlook for 2021, what we believe is that there will be more of an L-shaped type of recovery.

Comments

Comments (6)

author
David Bell
Cancel this year. Everything is dark and gloomy....
2020-07-15 17:05


author
Howard Edmunds
European Governments stopped the ECONOMY for 3 months and they are surprised that we are heading to a crash. They can only blame themselves.
2020-07-15 17:26


author
Steve Taylor
My summer is cancelled. The open border policy will certainly change.
2020-07-15 17:47


author
Joanne Morwood
The worst is yet to come !!
2020-07-15 18:07


author
Ashley Bailey
Thank you Daniel for your hard work
2020-07-15 18:38


author
Lynda Perez
Spot on !
2020-07-15 19:08

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