Expect a “U-shaped” Recovery
Nearly all leading fund managers expect the world economy to contract this year. That is according to Bank of America’s monthly survey of investors, just released, which found that 93% investors expect a global recession in 2020. 52% of investors expect a “U-shaped” recovery from Covid-19, meaning a sharp slump, then a period of stagnation, before a recovery.
Not a surprise!
Some 22% expect a W-shaped recovery, while just 15% see a V-shaped bounce-back.
Michel Ouellette, ll.l, ll.m
Systemic Strategic Planning | Crisis & Reputation Management | Business Growth Strategist
Michel Ouellette / Joseph Michael Dennis, is a former attorney, a Trial Scientist, a Crisis & Reputation Management Expert, a Public Affairs & Corporate Communications Specialist, a Warrior for Common Sense and Free Speech.
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