The global economy took the elevator down, it may take the stairs back up.
The economy took the elevator down, but may take the stairs back up. At least that’s the opiniion of Federal Reserve Bank of Richmond President Thomas Barkin. With more than 90% of global economies set to experience a recession in 2020, it’s easy to see why he feels this way. Add to that an IMF prediction of a global contraction of nearly 5% and one can deduce that caution could be the prudent investors friend.
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Sagent Wealth Management, Experience, Wisdom, Judgement