July 7, 2020/Cowry Asset

The global economy is expected to witness negative growth – IMF predicts decline in global output by 4.9% – but should gradually recover from recession amid early expansionary programs and policies by fiscal and monetary authorities which should stimulate consumer demand, spending and hiring by businesses and resumption of global trade.

We are optimistic that the equities market performance in H2 2020 will be better than what was recorded in H1 2020 as solution to COVID-19 pandemic appears to be near (amid news of the commencement of human trial of COVID-19 vaccine in the month of June 2020) and as the effects of economic policy interventions kick in……

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