While 2020 was a year of a global pandemic with far-reaching effects, it could be seen as the beginning of socioeconomic upheaval, especially for startups and businesses in Nigeria; sadly, it does not get better even in 2021.
Scientists are warning that if the world does not begin dramatically slashing greenhouse gas emissions, the world risks unleashing the dramatic and destructive effects of global warming by 2040, including flooded coastlines, crop failures and wildfires.
The humanitarian response faces unprecedented threats from underfunding, on top of one of the world's most challenging operating environments; 3 million fewer Yemenis were receiving aid each month by late 2020 compared to the response at the beginning of the year.
Corporate issuance will probably come back too, although moderately, and the core Islamic finance countries were likely (in 2021) to execute some of the capital expenditure that they have deferred in 2020 because of the pandemic to access to capital markets.
While coal mining will decrease dramatically in the coming years, the mining of minerals needed for clean energy transitions increases very rapidly in a global economy focused on bringing down carbon emissions.
The quantitative easing programs (bond and mortgage purchases) embarked on by the Fed, the European Central Bank, the Bank of Japan and others, including the Reserve Bank, will start to be tapered either late 2021 or sometime in 2022.