The global economy is expected to achieve remarkably high growth in 2021. This is a good basis for the capital markets, but it creates risks and may require reallocations.
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By: Bjoern Jesch
After a rollercoaster 2020, chances for a more "normal" 2021 are good. Economic recovery and central-bank support can serve as a safety net.
By: Klaus Kaldemorgen
Monetary and fiscal packages are driving the markets, but their valuation leaves little room for economic disappointment.
How deep the crisis could be remains uncertain. The size of many aid packages, however, is rather concrete. Equities should be among the relative winners.