Lessons learned from the pandemic. An economic insight from Michael Hughes

As the world continues to struggle with the financial and economic fallout of the COVID-19 pandemic, there’s no question that it has served as a financial wake-up call for many. Even those who will emerge relatively unscathed from a financial perspective have not escaped the worry and anxiety that accompanies living through challenging times. And like most of life’s challenges, there are lessons to be learned.

Aside from the salient lessons such as having emergency savings, managing credit cards and savings effectively, remembering that returns after market losses require a higher percentage gain to break even, regularly rebalancing your portfolios and of course realigning priorities in our life to live better, there are some insights to be had from those experts looking ahead.

In a recent exclusive client Q&A webinar (below) with our Investment Committee chief economist Michael Hughes, the topic of resilience came up in relation to those businesses that fare