As the world prepares for a global recession, the Chief Economist of Investec says it may not be as bad as some commentators are predicting.
Philip Shaw (pictured), Chief Economist of Investec Bank was in Guernsey and Jersey earlier this month to give a breakfast briefing in both islands. He predicts that the downturn will not be as bad as the financial crisis of 2008.
Philip leads the Economics team for Investec in London after joining the company in 1997. He is a regular commentator on the economy and financial markets.