Page 1 - ISQ UK July 2020
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ISSUE 22 | JULY 2020




           INVESTMENT                                                                     LETTER FROM THE
                                                                                         CHIEF INVESTMENT OFFICER
                                                                                         page 1

         STRATEGY                                                                          page 3
                                                                                          UK ECONOMIC & MARKET
                                                                                         OULOOK

         OUARTERLY                                                                        US ECONOMIC OUTLOOK


                                                                                         page 5


                                                                                          EUROZONE OUTLOOK
                                                                                         page 8













































                                                                       THE ROAD

                                                                       TO RECOVERY









             OIL PRICES SET FOR RECOVERY               CHINA: FRAGILE TRUCE             THE BURDEN
             INTO 2021 AND BEYOND                      ON THE BRINK                     OF DEBT
                page 10                                    page 12                         page 14
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