The coronavirus pandemic has brought about a new investment landscape in which some companies and sectors have fared better than others. Significant market dislocations have also created potential opportunities in the higher quality areas of the credit spectrum.
While a near-term mechanical bounce in economic activity in response to the lifting or easing of lockdown measures looks likely, we expect the subsequent climb up to be long and arduous.
We expect the global economy and financial markets to transition from intense near-term pain to gradual healing over the next six to 12 months. However, there is the risk if not the likelihood of an uneven recovery, with significant setbacks along the way and some permanent damage.
Governments and central banks have started to respond more forcefully to the health crisis, enacting policy in an effort to limit long-term damage to the global economy.
Global growth could follow a U-shaped path over the next few quarters, though substantial uncertainty remains as policymakers grapple with the impact of the coronavirus.
'Excellent growth opportunity'
History teaches that epidemics tend to have short-term effects on economies and markets, but great uncertainty remains about the coronavirus.
Deadline for ISA allowance approaching
Refinitiv monthly European fund flow report
PIMCO believes that negative rates policy does not have much further room to run. In this article, we discuss the implications for investors.
Myles Bradshaw will report into Iain Stealey
Potential for gilt sales increasing
In an increasingly protectionist world, plagued by escalating trade tensions, the export-focused German economy is clearly suffering. We look ahead and explore the investment implications of a weaker German economy.
Failure to back lobbying disclosure resolutions
The global economy is about to enter a period of vulnerability and low growth, a ‘window of weakness’, will it end in recession or recovery?
Assumes new role on 1 Jan 2020
Two decades after inception, the eurozone countries’ arranged marriage-type of union looks shaky at best, and now it is even more challenged by ongoing, global disruptive forces.
Firm has 12 funds in new standings
Which funds stole the show?
Managed by Pramol Dhawan
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