Contemplations from Nordic heavy hitters – Lars-Göran Orrevall

<strong>What have been the biggest surprises over the past year?

“The pandemic is, of course, the biggest surprise but also societies’ response to the pandemic with lockdowns and the enormous support packages.”   What are your expectations for 2021? “The pandemic caused a short and deep recession but could have a big long-term impact. Financial markets will be very dependent on the central banks’ monetary policies. Zero interest rates and the liquidity support will be crucial for the development.”   Financial markets have so far been relatively shielded from the coronavirus impact. How are you preparing for potentially tougher times ahead? “Safe fixed income provides no or negative returns. We