The Prime Minister recently announced the gradual easing of lockdown restrictions nearly two months after they were imposed. The restrictions have been largely successful in containing the spread of the coronavirus – new cases have steadily declined since early April and the number of deaths is falling too.
However, the slowdown of economic activity has taken a heavy toll on growth. The Bank of England thinks the economy could shrink by 14% this year, although it also forecasts a strong recovery in 2021.
Click here to download the full update from Toni Meadows, Chief Investment Officer of Omnis Investments.