However, some things have been changed forever and investors’ portfolios should be adjusted accordingly. “Covid-19 has catalysed important changes to the global economy that need to be reflected in your portfolio,” says O’Donnell.
The world has been battling against the Covid-19 pandemic for 1½ years and this period has been called one of the most challenging periods in modern history. But thanks to governments’ initiatives to fight against this pandemic, Citi Global Wealth is finally seeing the light at the end of this tunnel.
In its latest report “Mid-Year Outlook 2021 – Travelling to post-Covid world: New portfolios for a new economy”, the private bank sees a recovery from the pandemic. “We believe the world is heading for a full recovery from Covid-19. Thanks to vaccine rollouts and unprecedented fiscal and monetary stimulus, most economies are reopening, albeit unevenly,” says Jim O’Donnell, head of Citi Global Wealth. For example, pent-up demand for travelling and spending will bode well for a rapid recovery and expansion that could last several years.
