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Source: Invesco 2021 Investment Outlook Even as the first vaccine doses have started to hit arms, there’s still expected to be strong social dislocation throughout this year, as particularly pandemic-affected sectors such as service and travel struggle to recover. “Some parts of the economy are suffering more from the pandemic the service industry is one, but also areas such as women in the workplace,” says Cevey. “Today, it’s probably fair to say the marketplace and governments are not really emphasizing and focusing on those trends because the broad expectation is the world can go back to 90 to 95 per cent normal post-COVID, but that may be wishful thinking. At the end of the day, things may get better in 2021, but it’s fair to say a significant portion of the economy may not get back to the same level of employment that was previously the case.”

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