Outlook 2021: Understanding the Mega Trends of a Crucial Year for an Economy
“Hold on to your dream. Don’t let past failures or dire economic forecasts make you a pessimist. Keep your youthful dreams alive and create your own opportunities.”
-Paul Zane Pilzer
Paul Pilzer may well have been making a pitch to Nigerian youths, as the events of the last twelve months have been disruptive enough to shoot down stars from the clearest of skies.
The 2020 coronavirus pandemic was a scorching experience that drilled massive holes into the pockets of governments around the world as citizens queued up at isolation centres to fight off a venomous disease, lacking in empathy.
Hospitals came under strain as health workers and patients caught the bug and death loomed like a Godzilla. Factories closed dust-caked windows, cinemas went silent and airplanes lay like coffins on parade as economies slowly but painfully sank into despair. Nevertheless, with 2020 in the rearview mirror, and factories gingerly restarting to hum again as airlines and airplanes reawake, analysts are more optimistic at the beginning of 2021 than they were pessimistic at the end of 2020. Dreams are coming alive and opportunities seem to be reemerging.