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Without a doubt, 2020 was the year of the Black Swan event. No one outside of epidemiologist circles had foreseen a pandemic, and very few were prepared for its effects on the economy. With vaccine distribution underway, 2021 has a brighter outlook.

Still, there are risks to the economy. Fortunately, these risks are a known quantity—grey swans, as S&P Global Market Intelligence calls them in a recent post.

 

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