The identification of the COVID-19 Omicron variant in November initially rocked the financial markets. While there is uncertainty ahead, it is likely that the arrival of Omicron may extend the distortions of the economy associated with COVID-19, such as a rise in goods spending at the expense of services.
With the success of COVID-19 vaccine rollouts across the world’s developed markets as well as unprecedented fiscal and monetary stimulus, economies are reopening, albeit unevenly. Citi analysts expect a “variable speed” global economic recovery led by the US in 2021, broadening to the world in 2022. World GDP growth is projected to average near 5% in both 2021 and 2022. With the world moving towards a full economic reopening, Citi’s Unstoppable Trends are expected to benefit from long term growth in the post-pandemic world.
Traveling to the post-COVID world: New portfolios for a new economy
By Citi Global Wealth Investments |
In Mid-Year Outlook 2021, we examine our exit from the pandemic and what lies beyond. We highlight the assets that still offer recovery potential even after the strong rally of the last year. But we also explain why these are unlikely to be the investments that lead markets higher in the long term. We thus seek to exploit the trends that will keep reshaping the world beyond COVID.
2021 Annual Outlook: New Economic Cycle, New Opportunities
By Citibank Asia Pacific & EMEA Wealth Management |
The year 2020 has seen its fair share of major events – from the onset of the COVID-19 pandemic to the recent US Presidential election. Despite the backdrop of uncertainty, global equities have managed to recover back to pre COVID-19 levels, bolstered by massive government stimulus and more recently, positive news on COVID-19 vaccine.
As we head into the new year, are markets likely to continue on their path to recovery? What are some of the risks investors should keep a lookout for?
U.S. Presidential Elections and U.S. / China Relations - Outlook for the Global Economy and Investment Markets
By Citibank Asia Pacific & EMEA Wealth Management |
The 2020 US presidential election is scheduled for November 3, 2020 - the 59th quadrennial presidential election. Could the election outcome alter the course of the market recovery that has seen global equities rebound 45% (as of 21 September) from March-lows?
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