EANS-News: Wiener Privatbank SE / Starker Aufwärtstrend im ersten Halbjahr finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
1 Real Estate Stock That Could Disrupt the Brokerage Business msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Lav Chaturvedi
In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was marked by unprecedented gains and unparalleled investor enthusiasm.
After facing the initial headwinds, when the lockdown was announced in March 2020 and till the broking industry adjusted to remote and digital mode of operation, several positive factors emerged, which gave the industry new momentum.
Record growth in 2020
First of all, governments globally announced huge stimulus packages to stem the Covid-induced slowdown, with total fiscal stimulus exceeding $12 trillion, which was almost four-times the stimulus offered during the Global Financial Crisis of 2008.