Page 1 - ISQ UK July 2020
        P. 1
     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





