To ensure an optimal and secure experience, please upgrade to the latest version of your browser.
Welcome to the last edition of Vantage Point this year. 2020 has been extraordinary of course and, in many ways, a year to forget. We all hope 2021 turns out to be more ‘normal’ but, sadly, we can’t be certain of that just yet. The course of the disease remains the most important determinant of the economic recovery and there have been both positive and negative developments on this front since our last edition. The outlook for 2021 depends crucially on which of these bits of good and bad news dominates. We cover this reassessment and its impact on markets and investment conclusions in our new Vantage Point.
The global economic recovery remains uneven across regions and sectors but financial markets were buoyant over the last months of 2020 and have started 2021 strongly.