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THE year 2020 will be remembered in history as a year everyone would rather forget. It will also be a year that will be remembered for one word but then again, there are multiple words to describe the year itself.
Last year has been so-so. Dominated by the emergence of the pandemic Covid-19 and its adverse impact on the world at large. So much so, Covid-19 became the most used word of the year.
THE bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
IF the global financial crisis taught economic policy makers anything, it was go early and go hard. The cost of hesitating proved too great.
HONG KONG (AFP): The pound extended gains against the dollar Thursday (Dec 31) as traders cheered the authorisation of another vaccine and final ratification of the Brexit trade deal, while Asian markets were mixed as a painful year drew to a close.
FOR THE global economy, 2020 is ending with a sense of hope for the future, partly built on the assumption that it can’t surely be that bad again.
HONG KONG (AFP): Asian markets mostly enjoyed more gains Wednesday (Dec 30) following the previous day's advances, with vaccine and economic recovery optimism helping investors look past a frightening surge in virus cases around the world.
NEW YORK (Bloomberg): Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change.