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Top 8 major trends in global economy throughout 2021

The new year 2021 is approaching. This is why a lot of market experts have already started looking to the future by making various predictions and trying to foresee possible events of the upcoming year. After having analyzed the current economic situation, many analysts expect positive shifts in the economy in 2021. Experts point out eight trends that will prevail in different sectors of the world economy

Top 8 major trends in global economy throughout 2021

Large US companies to retain their top positions

In 2021, American corporations will thrive even though there are always outsiders among the leaders. According to experts, some travel companies will completely lose their power in the market. During the coronavirus pandemic, many of them were closed. This trend is likely to continue in 2021. Corporate taxes will remain low as the US Senate will be controlled by Republicans. A possible 50/50 power split between Republicans and Democrats will not allow Joe Biden’s cabinet from raising corporate taxes. If this scenario comes true, corporate profits will multiply significantly.

Top 8 major trends in global economy throughout 2021

Companies to use private Internet access

Analysts say that in the new year the trend for maintaining Internet privacy will only strengthen. Discord, Telegram, and WhatsApp are actively working in this direction. This year, they have helped users create invite-only chats and channels in order to distribute information among like-minded people. Experts predict the growing popularity of this trend in 2021 amid concerns about the negative impact of social networks on the privacy and psychological stability of users.

Top 8 major trends in global economy throughout 2021

S&P 500 index to advance markedly

At the end of 2020, the S&P 500 index is breaking records, adding 0.18% to 3701.17. The stock market shows steady growth. The Nasdaq Composite hit an all-time high after the Fed’s meeting. Next year, the regulator will continue to support the economy with additional stimulus measures and keep the key rate near zero. Therefore, the S&P 500 index is highly likely to reach 3,850 by the end of 2021.

Top 8 major trends in global economy throughout 2021

Inexpensive folding smartphones to go into mass production

In the coming year, the mass production of affordable folding smartphones with a large screen and portability is expected by many tech enthusiasts. Motorola, Xiaomi, and Samsung are working hard to improve these devices, which are now quite fragile and expensive. Undoubtedly, one of these companies will definitely become the market leader by releasing a cheap and convenient folding gadget.

Top 8 major trends in global economy throughout 2021

Chaotic Brexit to lead to negative consequences

The UK authorities are concerned about the possibility of leaving the European Union without a trade agreement. The parties have been going through long and fruitless debates for a long period of time. However, they are still unable to come to a compromise. The British government is hectically building a new border infrastructure worth $1 billion. Yet, analysts are not sure that the UK will have time to complete construction by the new year. In the event of a no-deal Brexit, experts predict Boris Johnson’s resignation.

Top 8 major trends in global economy throughout 2021

Masks to become part of everyday life

Experts say that after the pandemic, facial masks will stay with us forever. In East Asian countries, this trend has long been widespread. In regions where airborne diseases are common, citizens wear masks even after the infection subsides. Some experts warn that even successful vaccination against COVID-19 will not change the situation.

Top 8 major trends in global economy throughout 2021

Virtual healthcare to come to forefront

After the end of the pandemic, analysts predict the active development of telemedicine. Previously, experts called this industry the medicine of the future. The coronavirus pandemic has only sped up its development. Next year more people are projected to use the services of virtual healthcare. According to preliminary estimates, in 2027, the total volume of the telemedicine market in the United States may reach about $25 billion.

Top 8 major trends in global economy throughout 2021

Oil to settle at $50 bpd

According to the calculations of most analysts, the coming year will be extremely positive for the global hydrocarbon market. However, demand for raw materials will not reach pre-crisis levels even with a full recovery of the economy. The oil market will be supported by growing demand from developing countries. This will contain a sharp drop in oil prices. The oil price is projected to come in at $50 per barrel by the end of 2021.

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