Let us begin our annual investment outlook with a bold statement: 2021 will be the year when the Covid-19 crisis ends. More precisely, despite new variants and mutations of the virus, there is optimism globally that there will be a successful global rollout of safe and effective vaccines by the second quarter of this year to definitively contain and control this pandemic. And one lesson of the past few months is that when virus-related restrictions are lifted, the economic catch up can be rapid: as was experienced during the third quarter of 2020…
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