2020 Economic Outlook

and forex market trends


Observers agree on the unprecedented nature of the Covid-19 crisis in 2020. Far from marking a break between two “worlds”, it has proved to be a trend accelerator, in particular by strengthening the supporting role of central banks and national governments. 2021 is expected to be the year of recovery. However, this will not be an even recovery on a global scale. It will depend on vaccination campaigns, the possible continuation of lockdown measures, and the future of savings.

This document provides a global macroeconomic outlook and an overview of the possible impact of expected trends on major currency pairs, allowing you to anticipate the fluctuation risks that your business could face in 2021. Do not miss this opportunity to identify and minimise your exposure to currency risk.