Annual report: 2020

It is no overstatement to say that 2020 was a tumultuous year that will be remembered for a long time in the post-pandemic future. Part of this tumultuousness was the enormous economic shock caused by the covid-19 pandemic and stay-at-home orders across the globe.

While macroeconomic indicators in the past of couple years seemed to hint at the possibility of being in a rather late stage of the business cycle and there were some fears of a looming downturn, very…