The past month has been unprecedented – for societies, economies and markets. There
have been varying degrees of positive progress globally as health authorities wrestle with
COVID-19 outbreaks and policy responses.
Focus will now shift increasingly to the state of economies around the world. With markets having
recovered much of the losses experienced in March, we now wait to see how the corporate world
has been impacted and how it responds to revenue, cost and balance sheet challenges.
This update brings together a summary of our perspectives and insights from across our firm
including strategy, equity and fixed interest research, wealth management and investment
banking.