If there was one overarching theme to the first quarter of this year, it was that risks, which seemed vanquished in an earlier era, have returned to plague us.
Even as the pandemic continues to delay a full normalization of the global economy, the exit from emergency support has begun. Mark Stevens and Paul Dickson provide a fourth quarter summary of the significant implications and opportunities as a result from the pandemic.
The quarter saw many issues pressed to the brink – of failure, transition, collapse and default. Given everything that transpired – or almost did – the limited losses in most markets were a remarkable testament to their fortitude.
The economy is recovering rapidly but the pandemic and its aftermath are not quite done. This leaves policymakers with the dilemma of how to transition from crisis policies to more normal ones.
The reopening of the economy and the increase in availability of the COVID-19 vaccine has led to a strong recovery for the start of the year. Our banking experts provide a summary and review new developments that have investors optimistic about the economic recovery.
