The year 2020 might be described, at best, as eventful. And the few short weeks that have passed since we finalised our previous Global Economic and Markets Outlook (GEMO) have been no exception, filled in almost equal measure with periods of great hope and despair. In late September, as the Northern Hemisphere countries moved through autumn towards winter, it became clear that a second wave of COVID-19 was underway, with identified cases rising further and faster than we had imagined,…