First published: Prospect 18/03/2019
Three months ago global stock markets were in a hole, having tumbled by at least 20 per cent from highs earlier in the year. Analysts were falling over themselves with predictions of a recession by 2020. Yet today the US and Chinese markets are around 20 per cent higher than late last year, with Europe and Japan up by a bit less. The FTSE 100 is up by a relatively meagre 10 per cent, but… Brexit, of course. So is the panic over for investors? And, for everyone else, does the market recovery convey optimism, or noise? Read on…..http:// https://www.prospectmagazine.co.uk/author/WP_SITEURL/blogs/george-magnus/recovering-markets-may-yet-be-a-flash-in-the-pan
