Deeper Crisis & Weaker Recovery

Daniel Lacalle 15/07/2020 6

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.

 

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.

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Comments (6)

  • David Bell

    Cancel this year. Everything is dark and gloomy....

    Reply

  • 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.

    Reply

  • Steve Taylor

    My summer is cancelled. The open border policy will certainly change.

    Reply

  • Joanne Morwood

    The worst is yet to come !!

    Reply

  • Ashley Bailey

    Thank you Daniel for your hard work

    Reply

  • Lynda Perez

    Spot on !

    Reply