With the COVID-19 shutdown profoundly impacting the US economy with over 30 million job losses, just one in 10 fund managers expect a V-shaped recovery according to the FT. Is this the right call? Luckily we can look to the Far East as a crystal ball and what we may have in store in the next few months.
China re-opened their economy in mid-February so they are about 3-5 months ahead of the US economy as the US is opening states at differing schedules.
What does it suggest about a V-shaped recovery? Some sectors have rebounded in a strong V, while others have been slow to recover. Let's take a closer look.
