12/17/2020, 12:48 PM (Source: TeleTrader)
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Major world economies to grow in 2021 - Santander

Santander Wealth Management & Insurance (WM&I) estimates the major economies in the world will start recovering at a steady pace next year, according to its 2021 market outlook report released on Thursday.

The report titled "Recovery and Disruption" projects a gross domestic product (GDP) growth for all major economies, 4.2% in the United States, 4.6% in the Eurozone and 8.4% in China. Furthermore, it is indicated that "economic recovery will require continued monetary and tax incentives, social distancing and, above all, mass vaccination in order to become a reality."

Santander WM&I advises investors to seek options with innovative asset management, given the current low interest rates in the market. Also, it recommends a focus on industries that have been hit the hardest by the pandemic as a pool of potential investment opportunities.

Breaking the News / CG