A Bullish Economy

A Bullish Economy

An article by Brewin Dolphin states “2021 is the Chinese Year of the Ox and, according to wealth manager Brewin Dolphin, previous years of the Ox saw bull markets with an average return of 12.3%*. Whilst it is impossible to accurately predict growth rates for 2021, Brewin Dolphin believes that it could be a good year for global markets with vaccinations for Covid-19, continued technological innovation, spectacular consumer growth in China, and a Biden presidency heralding an era of international co-operation and investment in green infrastructure to combat climate change.

Guy Foster, head of research at Brewin Dolphin, said: “There is no doubt that 2020 is a year we will all want to forget. It is a year in which we saw the Covid-19 pandemic cause a global recession and the impact of lockdowns across the world bringing the worst slump in activity in peace time. In the UK, we saw the economy shrinking, business closures, job losses and rising government debt.

“The sheer volatility of 2020 is illustrated by the Dow Jones Industrial Average plunging (peak-to-trough) by 37% during the height of the pandemic in March but staging a stunning rebound of 62% in November to reach a record high.” Read more  

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