Dedicated to all those currently furloughed.
I’ve just heard from the Oracle – and it’s good news.
Roger Martin-Fagg, a leading behavioural economist and Property Academy speaker has just shared his latest forecast for the economy. We will publish it in full shortly but I just wanted to share this chart straight away.
Roger has called the right result for the last three general elections and US presidential election – often months ahead. In 20 years his forecasts on the economy are mostly broadly right, (which as he puts it is better than precisely wrong!).
I value his opinion – in simple terms it’s this:
- The economy is taking a massive hit but is being supported as never before by the government.
- When the lockdown is over people will spend at a ferocious rate.
- The third quarter will still be tough but by Q4 activity (spending) will be through the roof.
- The prospect for 2021 is very favourable although shortage of labour could curtail growth.
Manage the here and now and plan for the future.
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