Amid the COVID-19 crisis, western economies may get worse before they get better, wrote Kristina Hooper, chief global market strategist at Invesco, in a blog post.
Medical experts have warned about a second wave of the pandemic for some time, but it is already proving to be worse than many expected.
Some regions, such as continental Europe and the United Kingdom, have “bent the curve” after significant infection increases. Yet U.K. Prime Minister Boris Johnson similarly warned that “we must first navigate a hard winter” of restrictions to try to curb the virus until a vaccine is broadly distributed.
To read the full blog post, click here.
