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Top 10 outrageous predictions for 2021 according to Saxo Bank
December 17, 2020
What the outrageous predictions – and what actually happened in 2020 – teach us as investors is that it pays to remain flexible.
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If there is one thing that a tumultuous 2020 taught us, it is that no prediction is too outrageous to actually happen.
Anyone who had predicted the rash of lockdowns, pandemic death tolls, massive stimulus payments, plunging interest rates, stalled international travel and epidemiologists who became household names would quite possibly have been seen as plumb crazy.
But it all came to pass and plenty more as the COVID-19 virus picked its own set of economic winners and losers as some countries performed much better in fighting the virus than others.
Every year, Saxo Bank, the Danish investment bank, comes out with its list of the 10 most outrageous events that might affect global finance in the coming year. The outlier events that are out of the norm and might make the unexpected happen, is what the financial organization indulges in annually.
“Some of our forecasts might come to pass, some might not – but they’re all guaranteed to give you a new perspective on the markets and make you think outside the box,” is how the bank describes its annual exercise.
Of course, no one can ignore the pandemic effect, which has seen online businesses and e-commerce, and AI all taking center stage along with the greater focus on green.