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Recorded 24 June: Daniel Lacalle, chief economist at Tressis spoke to IGTV’s Victoria Scholar about his economic outlook. He’s expecting an L-shaped recovery with a pick-up in Q3 followed by stalling in Q4. Among the commodities complex, he expects a ‘strong bounce’ in copper amid a pickup in global demand and trade but still thinks the safety of gold will do well. Lacalle is still cautious towards oil and believes the down move for the US dollar is only short-term.
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00:00 – Introduction
00:40 – Economic outlook
02:20 – Impact of rising debt levels
03:40 – US will recover faster than EU
05:20 – Economic recovery in Asia
07:00 – What impact will a coronavirus vaccine have on the markets?
08:35 – Opportunities in the commodities market
09:40 – FX market
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