News analysis: Can brokers weather the recession storm?
With some sectors hit harder than others and reputational damage from unpaid business interruption claims fresh in clients’ minds, the coronavirus recession could be unlike any experienced before
Brokers expect challenges and opportunities as the first recession in eleven years hits the UK.
The International Monetary Fund has predicted huge falls in GDP for 2020, with economists warning that this could be the worst recession since the 1930’s Great Depression.
However, experts in the broking sector have stated that the coronavirus recession differs from previous financial crashes, and that it will impact certain areas of the insurance market, as well as the wider economy, more than
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