Global distress: Investors face 'challenging environment' from all angles

The fallout from the European Union referendum has been profound. And its effects will be felt for many years, even if the markets recovered relatively quickly from the initial shock. However, we must now listen to the sounds of distress coming from other areas of the global economy. There is an array of troubling factors, both short and long term, with very few bright spots on the horizon. Perhaps the most worrying is an absence of growth in the major global economies. It is likely that 2016 will be the fifth successive year when global growth is below its long-term trend. Desp...