Whilst the relief rally in markets has continued, we remain concerned with the long term damage that has been done to economies around the world as the “off” switch has been flicked, in particular the effect this has had on revenues and earnings for businesses. We may not see the full long-term effect of this for another three to six months.
The first sign will be Q1 US GDP figure which will be released on the 29th of this month. Whilst we don’t need the GDP figure to tell us how bad the economic effect has been, it will not be pretty.
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