2020 Year in Review
Wednesday, January 13, 2021
2020 Highlights The Covid-19 Pandemic was the dominant force impacting the global economy in 2020, leading to the first recession since the Global Financial Crises and most severe global recession since World War II. Despite the headwinds from Pandemic-related shutdowns, unprecedented Central Bank measures and large fiscal stimulus packages both in the US and abroad helped guide equities higher for the year. Key Highlights: • Pandemic shutdowns led to record GDP contractions in the 2nd quarter of 2020 • Monetary and Fiscal stimulus combined with business reopening created record GDP growth in 3Q20 • Economic momentum receded towards year-end amid…