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Policy response gathers pace

Policy makers are increasingly stepping up to the challenge, with a number of large-scale support packages announced
23 March 2020
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    Key takeaways

    • Economic policy is focused on preventing financial stress; recessions associated with high levels of financial stress tend to be deeper, longer and followed by a slower recovery
    • We believe a more neutral tactical view on developed market equities remains warranted in such a highly uncertain and volatile environment
    • However, we maintain a strategically pro-risk stance in the context of hugely improved relative valuations for risky assets