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Trying to get a handle on the economic numbers during this global pandemic is like trying to keep your focus on 20 different grains of sand whilst running along a beach. It all seems rather blurry, both the tiny details and the huge scale of it all are overwhelming, and never mind all that - you have enough to worry about just keeping going.
There is a theory that stock markets react predictably to progress in elections. Usually, newly elected parties tackle the more painful issues early in their term in power, perhaps making cuts to spending and laying the ground for longer term policies.
2020 has been a year like no other, and yet – as we will see below – the majority of world stock markets have enjoyed a good year. It was also a good year for Joe Biden, who defeated Donald Trump in November’s Presidential election, and for supporters of Brexit.