Economics
Norway’s $1.2 Trillion Fund Says Don’t Bet on V-Shaped Rebound Just Yet
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Norway’s $1.2 trillion sovereign wealth fund says it’s too early to assume markets will bounce back in a V-shaped recovery, given the current trajectory of the coronavirus pandemic.
“All markets, and some more than others, have had a quick recovery,” said Trond Grande, the deputy chief executive of the Oslo-based fund. “So it might look more like a V. But the unrest isn’t over. The pandemic isn’t under control yet, and we don’t know yet if it’s a V or a W.”