“One of the most critical features of the Covid-19 recession globally is that it more disproportionately hits the services side of the economy and it was much less painful for the manufacturing side, ” said Manulife Investment Management global chief economist, Frances Donald.
KUALA LUMPUR: The year 2020 has been an eventful year that saw some of the toughest social, economic and political challenges in recent times.
While stabilisation of markets seems to be within reach with the introduction of Covid-19 vaccines and new leadership in the United States, investors should expect the process to be gradual and long as the structural changes caused by the pandemic will take time to reverse if not already permanently shifted, says Manulife Investment Management in its regional outlook for the year ahead.
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