COMMENT

Toscafund’s Savvas Savouri confident of UK recovery despite deep recession

Toscafund’s Savvas Savouri confident of UK recovery despite deep recession

Savvas Savouri, chief economist and partner at long-running UK hedge fund manager Toscafund Asset Management, believes the UK is well-positioned to emerge from the current coronavirus downturn, despite GDP falling more than 20 per cent in the second quarter, sending the country into its sharpest recession on record.