RE: Downhill then the long Uphill15 Apr 2020 14:11
Im new to this board, and am looking for a few views.. not much talk on Ad v fn. however the way i see it profits came down significantly last year and this year revenues will be lower still. major markets Russia, less impact? china considerable impact and Us considerable.
Its worth separating out the lockdown from true deep recession. lockdown may end ina a few week but theres a fair chance of a second C19 phase, that if it happend will push us into a true recession rather than a lockdown related one..
I imagine there will be a strong recovery in commodities as GDP bounces back hard, but wil that happen in Q3/Q4 this year? Im not so sure.