PA360 North: Bleak economic outlook will see lower real returns

Speaking at PA360 North on 5 October, Albemarle Street Partners managing director Charlie Parker said the real returns on offer for the last ten years would not be repeated and advisers needed to communicate that to their clients. He also predicted that inflation in the US had probably peaked and global inflation would fall, although "we have a few months to go in the UK". He added that recession was likely inevitable after central bank action to tackle inflation. "There is a basic settlement that we have in society - that we have central banks that are willing to cause a recession to...