Monday 07 December 2020
Research / Market
Covid-19 is a ‘once in a hundred years’ cataclysmic event. Superlatives that do it justice are hard to find.
The emotional, physical and economic pain it has inflicted is the worst in living memory. After the most precipitous economic destruction, it is hard to know whether the global economy will snap back to its pre-crisis path or suffer permanent scars.
Markets have seen some relief in a year that overall is likely to be remembered as among the most challenging for investors.
Biodiversity, or the term used to describe all living organisms and ecosystems of which they are part, is declining at an alarming rate with now 1 million (out of an estimated 8 million) plant and animal species being threatened with extinction.
At its December meeting, the ECB hiked rates by 50bp, to 2.0% (deposit rate). The Bank delivered a very hawkish statement.
