Research and Analytics
Research and Analytics
The pandemic has clearly redefined how stakeholders (high net worth individuals and private wealth managers) within the value chain of private wealth management see value creation in both the medium and long term. One noticeable event resulting from the global health crisis was the surge in system liquidity, mostly in advanced economies, following the fiscal and monetary support to contain the spread of the virus.
In just three months since we released our last forecast in October, recorded COVID-19 deaths have doubled to over 2 million, as new waves have lifted infections past previous peaks in many countries. In these same three months, multiple vaccines have seen unexpectedly strong success and some countries have started ambitious vaccination drives. Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens. There remains tremendous uncertainty and prospects vary greatly across countries.
