4Q20 | RETURN TO NORMALCY WITHIN SIGHT AS VACCINE DISTRIBUTION BEGINS

INVESTMENT ENVIRONMENT EQUITY MARKETS FIXED INCOME MARKETS
Launch of vaccination programs together
with continued fiscal and monetary support provide the foundation for a robust global economic recovery.
Earnings growth is expected to broaden out across a wider range of industries and geographies next year as a result of better economic conditions. Interest rates should remain relatively low due to commitments from central
banks that emphasize a return to full employment.

Download the PDF to read more