Global economic forecasts for 2021 point to a clear recovery. However, not all countries will grow at the same rate. As usual, China and India top the ranking of the fastest growing countries:
Major American indices continue to record highs and the gains are piling up. The euphoria over the economic recovery and the good consumer data, added to the first quarter's business results, have fueled the exuberance in the financial markets. The 'Growth' stocks (mainly technological and small caps among them) in 2020 were joined by the 'Value' stocks in 2021, which have been lagging during last year.
Over the past few years, the US stock market has performed much better than the European stock market. That is not a secret.
Despite the fact that the electric car was invented in the mid-19th century, it took 150 years to become a daily reality.
The inability to store electrical energy has been the main obstacle to its mass acceptance, a circumstance that has impeded its commercial viability until today.
In addition, the urgency to mitigate the already evident effects of climate change has served as a catalyst for the research and development of batteries, making the electric car one of the great changes that we are facing in the short term.
Outlook for electric car
The historical growth figures are exponential, and this trend is expected to continue.
The earnings season in the United States have left us some interesting conclusions.
Although some sectors, such as Industrials or Utilities, still lag behind in terms of growth, other sectors show the first considerable increases in earnings.