To many, 2020 will be remembered as “a year to forget”.
As we segue into 2021, the vaccine rollout brings promise for recovery this new year, and fresh hope that life will be back to normal soon.
The stock market went on a roller coaster ride in 2020, with big winners and losers.
Gradual but sustained recovery
This year should see a gradual recovery for all sectors that had been badly impacted by the coronavirus last year.
As countries continue to grapple with the spread, there will come a time when more people get vaccinated, and the tide will slowly turn against the disease.
This will allow economies to slowly open up again. Industries such as air travel and tourism should witness a sharp recovery once the all-clear is given.
Other affected industries such as transportation and retail should also see an improvement in demand as some semblance of normalcy returns....