The coronavirus pandemic could spark the ‘deepest economic recession of our lifetimes’ with global trade expected to plummet by up to a third in 2020, the World Trade Organisation warned today. ‘World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the COVID-19 pandemic disrupts normal economic … Read more
JP MORGAN JAPANESE: Portfolio that avoids cyclical stocks helps this trust rise above the threat of recession Nicholas Weindling has managed investment trust for nearly 12 years He skips cyclical stocks, which are prone to sharp share price falls Weindling prefers to hunt down ‘new types’ of company he believes will thrive By Jeff Prestridge … Read more
World now in a ‘deep recession’ with global economy set to shrink by 1% this year, say Goldman Sachs analysts By Lucy White For The Daily Mail Published: 21:50 GMT, 23 March 2020 | Updated: 21:50 GMT, 23 March 2020 Coronavirus has already pushed the world economy into a ‘deep recession’, according to Goldman Sachs. … Read more
Treasury Secretary Steven Mnuchin has reportedly warned that the US could see an unemployment rate of 20 per cent Treasury Secretary Steven Mnuchin has reportedly warned that the US could see an unemployment rate of 20 per cent as the coronavirus plunges the economy into a recession. On Tuesday, it was revealed that a global … Read more
Bailey faces a baptism of fire at the Bank as the global economy teeters on the brink of recession Adrew Bailey starts work as Governor of the Bank of England today Bailey joined forces with Carney last week to announce a cut in interest rates They unveiled plans to free up £290billion for lenders to loan … Read more
JEFF PRESTRIDGE: This Budget must stop us falling in to recession By Jeff Prestridge for The Mail on Sunday Published: 23:45 GMT, 7 March 2020 | Updated: 23:45 GMT, 7 March 2020 I would put money on the Chancellor’s Budget this Wednesday being radically different to the one Rishi Sunak envisaged just over three weeks … Read more
European stock markets including the FTSE 100 sank further this afternoon as traders feared that the coronavirus crisis could plunge Britain into recession. London’s benchmark index of major companies fell 246 points or 3.66 per cent to 6,459 today after Britain recorded its first death from the infection. The falls follow a 110-point drop yesterday, … Read more