Overall retail sales volumes and profits will continue to recover, although for many retailers they will remain below 2019 levels. Increasing online sales will remain margin dilutive for all but specialists, with coronavirus effects accelerating the sector’s structural transformation.

Increased market volatility, an uneven economic recovery and competitive environment in the ongoing pandemic will likely weaken global asset managers’ revenue and hamper growth amid an increased cost of doing business as regulators intensify their review of asset managers’ products and activities.

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Moody’s will commit $1 million over the next five years to promote equal justice and advancement of the Black community