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: Christian Scherrmann
Recovery – after the winter
By: Johannes Müller
We are increasingly confident in our constructive base case for the world economy in 2021 and beyond, but plenty of question marks remain.
The U.S. elections and a Covid-19 vaccine breakthrough have provoked an upheaval in capital markets. Euphoria prevails, with foreseeable pitfalls.
Fiscal stimulus is likely to be more limited than under a Democratic landslide
By: Ulrike Kastens
Risks tilted to the downside, paving the way for more stimulus in December