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With the recent announcement of clinical trial results of several powerful vaccines in different countries, the COVID-19 pandemic is expected to be controlled eventually.

The economy is expected to recover with the vaccine's launch and the increase of vaccination rate next year, which the IMF predicts a 5.2% global GDP growth rate in 2021. If Biden will take U.S. office in 2021 January, there will be many calls for less trade protectionism, which is expected to strengthen the global economy's cooperation and integration. In the long run, entry restrictions will be lifted, multinational enterprises will resume normal operations, and domestic and foreign mergers and acquisitions (M&A) will resume one after another.



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