While 2020 was an exceptional year, are there any learnings we can take to support businesses and the wider New Zealand and Australian economies into 2021 and beyond?  At a macro level, the strategy and implementation of fiscal stimulus was unprecedented, and while it saved many businesses, from a financial market perspective, was 2020 really that exceptional?

Looking at it from an FX perspective, yes, there was above average volatility, but we have had some years when currency ranges were almost double what 2020 offered.  Equity markets, and the sugar rush that was 2020, have so far continued into 2021 but how sustainable will this be?