Health sector tipped to outperform in 2021
Nicki Bourlioufas | 14 Dec 2020Text size
Healthcare stocks could outperform in 2021 as vaccines start to roll out globally, with huge increases in government spending expected to support demand for healthcare over the longer term.
This is despite a drop in healthcare spending this year after COVID-19 caused the postponement of non-urgent care in many nations.
Spending on healthcare has been falling in some countries during the pandemic, according to a report from the Economist Intelligence Unit. But a recovery is expected to gather pace in 2021.
“The battle against the novel coronavirus (COVID-19) has led to a sharp drop in spending on other conditions, with non-urgent care cancelled and patients avoiding hospitals and clinics,” said