{"id":166564,"date":"2020-03-16T10:30:46","date_gmt":"2020-03-16T14:30:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166564"},"modified":"2020-03-16T07:32:28","modified_gmt":"2020-03-16T11:32:28","slug":"coronavirus-triggered-recession-will-change-how-we-live-do-business-and-invest","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/coronavirus-triggered-recession-will-change-how-we-live-do-business-and-invest\/","title":{"rendered":"Coronavirus-triggered recession will change how we live, do business and invest"},"content":{"rendered":"
March 16, 2020<\/div>
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By George Prior<\/strong><\/p>\n

The recovery from a coronavirus-triggered recession will usher in a new era in which how we live, do business and invest will fundamentally change, affirms the CEO of one of the world\u2019s largest independent financial advisory organisations.<\/p>\n

The comments from Nigel Green, the chief executive and founder of deVere Group, come as consensus grows that a temporary world recession is imminent and as governments and central banks scramble to try and limit the impact.<\/p>\n

On Sunday, the U.S. Federal Reserve announced another interest rate cut on Sunday – its second emergency measure this month.<\/p>\n

Mr Green says: \u201cAny way you look at it, it\u2019s now almost certain that there will be a coronavirus-triggered recession as both global supply and demand are impacted.<\/p>\n

\u201cWe can expect this recession to be deep but short. The slowdown will be temporary because it\u2019s not caused by deep-rooted problems and imbalances in the economy, rather by a wholly unexpected shock that\u2019s gripped the world.\u201d<\/p>

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He continues: \u201cEvery recession produces a new world. This one will too.<\/p>\n

\u201cA Covid-19 recession is likely to fundamentally shift how we live, do business and invest.<\/p>\n

\u201cWe\u2019re moving towards an era of negative interest rates. The second cut of rates, now at zero, by the Federal Reserve \u2013 the world\u2019s de facto central bank \u2013 suggests that the U.S. could soon join peers in Europe and Japan by adopting negative interest rates.<\/p>\n

\u201cZero or negative rates will help boost financial asset prices and savvy investors will be seeking to top-up their portfolios by drip-feeding new money into the market at this time. They will give more investors more reason to increase their exposure to equities as the money won\u2019t be working for them as cash deposits.\u201d<\/p>\n

Mr Green goes on to say: \u201cThe coronavirus outbreak can be expected to speed up the so-called Fourth Revolution, which is fuelled by new technologies, such as Artificial Intelligence and mobile supercomputing.<\/p>\n

\u201cNew industries will emerge and, of course, there will be winners and losers.\u00a0 This will mean job losses in some sectors and huge, possibly unprecedented, job and investment opportunities in others.<\/p>\n

\u201cEnforced social distancing will highlight how families, friends and colleagues can interact, remain connected and work, how businesses can still efficiently operate, and how investors can manage assets via advancing digital infrastructures.\u201d<\/p>\n

The deVere CEO concludes: \u201cThe disruption and shifts will underscore that we live in a time of great capabilities and great promise.<\/p>\n

\u201cBut to build and protect their wealth as the world adapts to a new era, investors should be revising their portfolios to mitigate risk and take advantage of the opportunities.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

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By George Prior The recovery from a coronavirus-triggered recession will usher in a new era in which how we live, do business and invest will fundamentally change, affirms the CEO of one of the world\u2019s largest independent financial advisory organisations. The comments from Nigel Green, the chief executive and founder of deVere Group, come as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-166564","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=166564"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166564\/revisions"}],"predecessor-version":[{"id":166565,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166564\/revisions\/166565"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}