The Investment Implications of the Covid-19 Pandemic
The Covid-19 is the first pandemic since the Spanish flu of 1918-20. The scale of its impact and the length of time before activity reverts to normal are currently unknowable. The latest modelling from Imperial College, which informed the UK government’s actions, suggests that the world will be living with this, to varying degrees, for the next 18 months. However, this uncertainty does not excuse us from considering the impact on issuers.
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