Contemplations from Nordic heavy hitters – Mikko Mursula

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

Covid-19 has, of course, been the biggest surprise of the year by far. None of us knew anything about it at the beginning of the year. The news about the pandemic and its development have been the dominant explanatory factor behind the market moves and volatility since February. A sort of a positive surprise has been how fast and strongly risky assets have rebounded from the February and March lows.   What are your expectations for 2021? From a macro economy perspective, after the pandemic the rebound will continue, central bank quantitative easing will continue and more fiscal stimulus packages