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This year has seen the sharpest and largest economic downturn the modern global economy has ever seen. However, this recession is a rather strange one: for once, this time really is different. This recession has not been caused by any of the usual suspects, nor have we seen its effects in the typical areas of weakness that follow a downturn. This year has pushed investors to accept more than ever the bizarre situation of paying for the privilege of lending out their money – testing the zero bound in interest rates and leading to some very strange consequences indeed.
To read Richard Woolnough’s Panoramic Outlook in full and find out what he thinks are some of the important consequences for investors, click here