Summary notes M&G (Lux) Optimal Income Fund webcast

Insights

Richard Woolnough

19/03/2020

The severity of the Covid 19 outbreak on the global economy, sharply slowing consumption and weakening services, means a recession is inevitable, in my view. We feel this global economic slowdown will be different to previous recessions, when consumer demand fell away because of a downturn in the price of houses, oil, and generally combined with a high debt-servicing ratio.

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