Some areas of the economy will not come back, at least not in the next five years, says the chief investment officer at wealth management firm London & Capital
With many countries beginning to emerge from lockdown in the wake of the coronavirus pandemic attention has turned to the economic recovery .
However, chief investment officer at wealth management firm London & Capital, Pau Morilla-Giner said there were some areas of the economy that will not come back, at least not in the next five years. “ For many millennials and Gen Z, one mantra will dominate spending habits from now on: ‘never again will I be financially unprepared for a crisis’. Uncertainty will bring caution, caution will bring frugality ”
U.S. jobless claims rose by 2.1 million last week, taking the total above 40 million since the coronavirus pandemic took hold in the country. The rise was down on the 2.4 million claims made the previous week, but it is the 10th consecutive week with first-time claims of over 2 million.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US reaches 100,000 coronavirus deathsIn New Zealand, there are no patients hospitalized with COVID-19, health official says. There are only 21 active cases in the country. New Zealand's shops, malls, cafes, restaurants, playgrounds and gyms are set to reopen tomorrow.
Read more »
Coronavirus updates: Blood clots clogged lungs of African American COVID-19 victims, study saysCORONAVIRUS LATEST: • Autopsies on 10 African American patients who died from COVID-19 show their lungs were filled with blood clots, according to new study. • Pandemic has killed more than 355,000 people worldwide.
Read more »
Nationalism or globalism? Nigel Farage debates Marianne Williamson | OpinionShould we respond to coronavirus with more nationalism or globalism? Nigel_Farage and marwilliamson debate:
Read more »
Kevin McCarthy questions Dem reps for attending SpaceX launch after declining return to House due to COVID-19House Republicans have argued against proxy voting, which was introduced amid the coronavirus pandemic.
Read more »
Schools Find Sweet Ways to Celebrate GradsGraduation may look different this year, but that isn't stopping schools from celebrating their hardworking grads. 🎓
Read more »
Blood clots clogged lungs of African American COVID-19 victims, study saysRestrictions will be tightened in Seoul and surrounding areas through June 14 to stem the spread of COVID-19 after the Korean Centers for Disease Control reported 79 newly diagnosed cases—the highest increase since early April.
Read more »