Are we in the midst of the “worst economic collapse, likely ever”?
That’s certainly the line being pushed by Principal Global Investors’ chief global economist, Dr Bob Baur as COVID-19 related closures cause profit downgrades due to a lack of, or in some cases, no revenue being generated by some companies.
It is not all doom and gloom, with Dr Baur already seeing signs of global recovery and short-term investment opportunities.
Dr Baur told Principal’s Economic Insights that he expects traditional economic data to improve throughout June improve.
China’s recovery could play a major role in this improvement.