The idea of a sharp v-shaped recovery is fanciful.
Unemployment is going to well above 10%. Historically it has been very sticky and will take a very long time to get back to where we were pre-Covid - we only just got back to near pre-GFC levels.
Similarly, consumer spending will not just bounce back as consumers are being conditioned to be thrifty which will stick.
Tough times ahead!
The idea of a sharp v-shaped recovery is fanciful. Unemployment...
Add PGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.09M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 236191 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 54479 | 2 |
View Market Depth
| Last trade - 10.06am 02/05/2024 (20 minute delay) ? |
| PGL (ASX) Chart |
Day chart unavailable