Who knew letters could be so important in determining our future? Personally, I’m a keen advocate of V and less keen on U and W (and definitely L), and here’s why…
There was a great article in the Telegraph’s Business Pages today, so I take no credit for original research here, but with the rider that we don’t know what’s going to happen till it does, here’s a summary of what was said.
Finally, let’s end on an optimistic note. To quote directly from the Telegraph’s article…
“Economists expect a recovery this year. It means catastrophic forecasts for the second quarter turn into merely nasty predictions for 2020 as a whole. For instance, Goldman Sachs expects world GDP to grow 1.25pc over the year. That is painful, but not on the scale of the financial crisis. This would be less bad than the deep recessions of 1981-82 and 2008-09 but worse than the mild recessions of 1991 and 2001,” says Goldman’s chief US economist Jan Hatzius.”
“Douglas McWilliams at the Centre for Business and Economic Research thinks the UK should be back on its feet in six months’ time.”
Let’s hope they are right.
Chris Peace, MD, Peace Recruitment
If you want to see the original article it’s here.