Unlike in the 2008 financial crisis, the financial sector has weathered the economic turbulence wrought by Covid-19 relatively well. However, the EIU predicts a challenging outlook for the sector in 2021, in light of ultra-low interest rates as well as mounting defaults by businesses and households. We discuss the forecast with lead analyst Steven Leslie.

Image Credit: Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Roshan Kanesan, Wong Shou Ning

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Tags:  wall street,  monetary policy,  stimulus,  banking,  NPL,  Financial Services,  Government/Regulatory/Policy Making,  Economy, Markets