If you have spare time, maybe you can reply below and tell us why you picked your answer?
My personal vote is - barring natural disasters - 2021 HAS to be a better year. 2020 truly has been the worst and… it can only get better from here right?? Of course you can argue we don’t know what the bottom is (traders should know, ha) but I’d like to be optimistic and say we’ll slowly bounce back next year. I don’t expect the recovery to be quick but I also definitely am not expecting it to be worse than this year!
The hooman race has a long history of bouncing back after every disaster or calamity. After 2020, the hooman race will bounce back stronger and better!
We must hold out for hope - hope foww a better tomowwow and positive change!
…
Unless the Kaiju come crawling out of the Pacific. Awoo…
The only thing we miss are either a dissastrous nature catastrophe which will mark a global shift for humanity OR an alien invasoin if none of this will happen, it can only be better. But i know that an economic desaster will come after the summer or in the 1st Q of 2021
I believe early 2021 will be tougher than 2020… Mortgage holidays will have ended… Governments will be struggling to continue subsidising unemployment… the lagging disaster will be property… the contagion will be in full effect in the Housing markets. Banks, having the largest exposure to this market will be forced to refrain from lending… Mortgage, Loan defaults and runs on Bank deposits caused by low or 0% interest rates will more than likely initiate a serious credit crisis (as happened in 2009).
So many businesses are being decimated by lockdowns, social distancing, travel bans… a large percentage which can be classified as “Zombie Businesses”… only held afloat by Government subsidies and benefits which will collapse when these are removed.
Toward the end of 2021, economic growth should start to accelerate… A new wave of startups and business owners will appear… people that haven’t been financially destroyed by the lockdowns, unemployment etc… Opportunities open to enterprises that will fill the void left by businesses that no longer exist.
A view from afar… Trump winning a second term in November will more than likely embrazen Democrat Party followers to continue or escalate current civil unrest in cities across the US… Politics in the US has become such a divisive topic, it’s tearing society in these cities apart…
And I haven’t even covered the aggression shown by China against HK and covertly Taiwan.
After all this time both UK and USA are still bumbling along without any clear strategy to overcome the virus or to reset the economy and start paying back the massive debt that has been incurred by their mishandling of the whole thing. Combine this with tariff barriers created by Trump in the USA and the impending effects of Brexit in the UK I see no real stability until at least 2022
if none of this will happen, it can only be better. But i know that an economic desaster will come after the summer or in the 1st Q of 2021
