The year 2021 is expected to rake in more positive impacts for the global economy, especially with the emergence of the COVID-19 vaccines worldwide.
This was stated by Standard Chartered Bank Brunei CEO Pengiran Aki Ismasufian bin Pengiran Haji Ibrahim during the virtual Global Research Brief H2 2021 titled ‘The Road to Redemption’ yesterday.
“The outlook for 2021 has become significantly more positive following the successful trials of vaccines from multiple companies, providing a much-needed boost to market sentiments,” he said.
He added, “This year’s theme ‘The road to redemption’ is aligned with how we anticipate 2021 to be a year of recovery for the global economy, with the rollout of vaccines and a more multilateral approach from the Biden administration which will support global trade and cross-investment flows.
“We hope that the discussion will help to uncover actionable ideas and strategies for businesses.”
SCB hosted the briefing for their corporate clients and stakeholders, during which senior economists from its global network shared their outlook and insights on the year ahead.
At the webinar, Chief Economist ASEAN and South Asia Edward Lee and Head of ASA FX Research Strategist Divya Devesh shared viewpoints on the global and Brunei’s economic outlook for the year and discussed strategies.