KEVIN LINGS: What the ‘new normal’ of low interest rates and high government debt means for investors
In constructing their portfolios people will have to make a fundamental change in the way they take account of risk
11 December 2020 - 06:00
The world economy in 2020 was overwhelmed by the introduction of extreme Covid-19-related lockdown measures. Apart from the human tragedy associated with the spread of the disease, these measures forced the world economy into an unprecedented economic recession.
This has been accompanied by a substantial increase in unemployment, a loss of business and household confidence and a significant increase in debt...
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