Our Covid-19 survey revealed that the majority of respondents have a strong view that the lockdown is likely to return, implying a rocky road to economic recovery. This view was held across our three categories (investment managers, corporate managers and other). This suggests that companies will be risk averse in managing their businesses and balance sheets. It also suggests that a sustained market recovery is unlikely until we have greater clarity on the pace of a return to normality. More encouragingly, this does leave room for a positive surprise if the outcome is less severe than feared.

We set out our findings in this report. To view the full report please click here