Let me assist > The GIC remains convicted that a rapid and strong rebound is unlikely and the profits recession is apt to worsen before a genuine rebound is po

Let me assist > The GIC remains convicted that a rapid and strong rebound is unlikely and the profits recession is apt to worsen before a genuine rebound is possible. Underpinning our thesis are: > - decelerating real economic activity, > - weak new orders, > - high inventories and > - the lagged impact of higher rates. > Upcoming headwinds from monetary and fiscal policy, as well as negative operating leverage accompanying falling inflation and diminishing pricing power, are additional factors. (Formatted list to bullet points for easier reading.)