On Tuesday, the organisation charged with keeping an eye on UK government spending, and the economy more widely, published its ideas on where we might be headed. The economists at OBR assume a three-month lockdown due followed by another three-month period when restrictions are partially lifted (so that the economic impact is halved in Q3). Then in Q4 activity returns to pre-outbreak levels - thus there is no second wave of the virus. They also assume no lasting economic hit. The main conclusions are that real GDP falls 35% in Q2, but the economy bounces back quickly. Unemployment rises by more than 2m to 10% in Q2 (to 3.4m), but then declines more slowly than GDP reco ………………To read more subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1
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Glen ArnoldI'm a full-time investor running my portfolio. I invest other people's money into the same shares I hold under the Managed Portfolio Service at Henry Spain. Each of my client's individual accounts is invested in roughly the same proportions as my "Model Portfolio" for which we charge 1.2% + VAT per year. If you would like to join us contact Jackie.Tran@henryspain.co.uk investing is about making the right decisions, not many decisions.
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