Global stock markets closed out 2021 with double-digit gains for the third year in a row, as easy monetary policy and a flood of fiscal stimulus helped propel an economic recovery from the pandemic.
The FTSE All-World share index rallied 16.7 per cent in dollar terms in 2021, surpassing the previous year’s 14.1 per cent gain, but coming up short against the blockbuster 24 per cent jump in 2019, the year before the coronavirus crisis.
Investors came in to 2021 bullish about the year ahead, with vaccines beginning to be rolled out and pent-up demand expected to result in an economic resurgence.
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