From Hope to Optimism
With the advent of 2021, investors seem to be facing many of the old problems from 2020 Surging Covid-19 infections and fatalities, large numbers of unemployed, lingering concerns about the pace of economic recovery, political gridlock and a slow vaccine distribution rollout.
The pandemic took a turn for the worse over the holiday period. New infection rates rose significantly in Europe and the US, topping the previous highs and forcing governments to implement new stringent lockdown measures to slow the spread of the dreaded virus.
As seen through 2020, the manufacturing sector continues to show more resilience to the pandemic than the services sector, a trend which has been observed globally. Recovering demand for goods and lower sensitivity to social distancing, helped to keep manufacturing Purchasing Managers’ Indices (PMIs) in expansionary territory. Yet, the reopening of economies and the availability of vaccines will gradually unleash a new wave of spending on travel and services. After a 4.2% decline in 2020, global world GDP is projected to increase about 4.6% in 2021.The writer and the Company have obtained the information contained in this document from sources they believe to be reliable but they have not independently verified the information contained herein and therefore its accuracy cannot be guaranteed. The writer and the Company make no guarantees, representations or warranties and accept no responsibility or liability as to the accuracy or completeness of the information contained in this document. They have no obligation to update, modify or amend this article or to otherwise notify a reader thereof in the event that any matter stated therein, or any opinion, projection, forecast or estimate set for the herein changes or subsequently becomes inaccurate. This document and the information contained therein should not be construed as investment advice. Investments should be based on the full details of the Offering documents and KIIDs, available from all leading financial intermediaries. BOV Asset Management Limited is licensed to conduct investment services in Malta by the Malta Financial Services Authority. Issued by BOV Asset Management Limited, registered address 58, Triq San ¯akkarija, Il-Belt Valletta, VLT 1130, Malta. Tel: 2122 7311, Fax: 2275 5661, E-mail: [email protected], Website: www.bovassetmanagement.com. Source: BOV Asset Management Limited.click here for the full report