Despite its huge impact, the Covid-19 pandemic has done little to disrupt the powerful structural trends driving growth in emerging markets, and we expect those trends to gain momentum in the coming year

"For many UK households, the experience of Covid-19 is highlighting a lack of financial resilience and a need to do things differently in the future. There is evidence of a silver lining, with the pandemic leading many to re-think their focus on financial priorities"

To begin with, supply was the concern, but now demand is at risk. What is without doubt is that recession risks are elevated.Recession