21 May 2020
Globally, the severe economic and health consequences of COVID-19 will not be equally distributed, but we trust that this moment too shall pass. Our baseline economic forecast is for the sudden deceleration in economic activity to be most acute in the second quarter, followed by a resurgence in growth during the second half of 2020 and into 2021. The remainder of this edition will focus on summarizing our macro expectations and providing a framework for riding the storm out.
Our triannual Market Know-How explains what investors should know about current market conditions, and how they can implement an investible strategy. The ideas presented in the Market Know-How are based on our expectations of global macro conditions, asset class performance, and sound portfolio construction.
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