A CEO of one of the world’s largest independent financial advisory organisations has warned that the 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,
Nigel Green, the chief executive and founder of deVere Group said: “Any way you look at it, it’s now almost certain that there will be a coronavirus-triggered recession as both global supply and demand are impacted. We can expect this recession to be deep but short. The slowdown will be temporary because it’s not caused by deep-rooted problems and imbalances in the economy, rather by a wholly unexpected shock that’s gripped the world.”
He said: “Every recession produces a new world. This one will too.
