Williams Investment Management Financial Commentary

Financial Commentary – October 2020

The numbers keep deteriorating. Japan’s economy contracted by 7.8% in the second quarter (versus the first quarter) as exports and consumer spending plummeted. Germany’s fell a record 10.1% while the EU average slumped by 11.9%.  The US posted a 9.5% decline while the UK delivered an enormous 20.4% contraction, although this could yet be revised…