A 21-minute listen.
Schroders’ chief economist & strategist, Keith Wade, talks to colleague David Brett about coronavirus and its economic impact.
Keith explains how we may well be seeing the deepest recession since World War II, though it is markedly different from others in that it is artificial; created by the government telling people not to go to work.
He adds: “We expect the incidence of coronavirus to fall as it would tend to ease off during the summer. That should provide a window of opportunity for the economy to restart and, on that basis, we forecast a really strong bounce back in the third quarter of the year”.
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