Glimmers of hope for the New Year!
Over the past year, our vulnerabilities have been starkly exposed by coronavirus, and the pandemic
continues to present an array of challenges on many different levels. Economic frailties have also been laid
bare but, as we enter a new year, shoots of optimism are beginning to emerge, with rising hopes of recovery in
2021 and beyond.
A gradual recovery The International Monetary Fund’s (IMF) final 2020 assessment of global economic prospects was entitled ‘A Long and Difficult Ascent’. This provides an apt description of the current situation, with the international soothsayer’s predictions pointing to a moderate rebound in 2021 with a continuing gradual recovery
over the following few years.
Reasons to be cheerful While the IMF forecast does highlight continuing risks and uncertainties, which largely centre on the future path of the pandemic, there are reasons for some guarded optimism. Continuing progress in the search for COVID-19 vaccines and the economic stimuli promised by US President-elect Joe Biden, for instance, should both have a positive impact on market sentiment during 2021.
SFFS Simply Wealth_Winter 21