ECONOMIC UPDATE DECEMBER 2022

I attach Roger Martin-Fagg’s latest Economic Update in which he explains where we are today in economic terms, how we got there, and what is likely to happen. I hope you find it interesting.

Roger’s view?  “There will be a shallow recession. Highly leveraged businesses will fail; the zombie businesses which have been surviving on free money will fail. And there will be record insolvencies, and M & A activity”