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Investment report: chasing yields in a new world

Expect a larger role for the state and plan accordingly

By Megan Greene   July 2020

Klaus Ohlenschl�ger/DPA/PA Images

The coronavirus crisis will leave no one untouched by the time it’s contained. Hundreds of thousands will have lost their lives and hundreds of millions will have lost their jobs. There will be long-term macroeconomic and investment implications once we begin to recover. Most of these trends were already under way, but will be accelerated by the crisis. 

When the recovery takes hold, nationalism and protectionism will remain firmly in place. Before the virus hit, the United States had already imposed tariffs on China, but the…

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