2020 was a year of change for global markets, so it started with great hopes. The trade war that developed over the USA and China resulted in an armistice. US statistics were showing a positive trend in growth and employment data. However, with the coronavirus epidemic that started to emerge in China in January, the whole world began to shake up almost immediately. A downward price war has begun in Saudi Arabia’s oil prices. All world stock markets have collapsed. Although the global markets have always been negatively affected from the 2008 crisis to 2020, the pandemic has taken the situation to completely different points.
The world was in a major production system change in a global sense. Since the early 1960s, the centralized monetary and industrial economy began to decline, especially in developed and elderly societies.
Production and productivity continued to decline day by day. Underdeveloped and young countries such as the Far East began to become production centers. While the elderly societies were gradually declining in terms of money and industrial economy, the knowledge economy began to develop. While there have been setbacks in production and energy companies, technology companies have started to replace them. One of the important points here is that technology companies also carry out most of their production in societies with young and cheap labor centers.
Due to the extraordinary conditions triggered by the pandemic period, the priority of observing public health risks arose. Thus, the market balances had to be re-formed in the light of new cost conditions. With the epidemic reaching its peak, the production processes on the supply side of the economy slowed down or were interrupted due to social distancing rules and disruptions in international supply chains. On the other hand, the activity in service sectors such as face-to-face education, communication, banking, shopping, tourism, entertainment was suddenly interrupted. . This triggered the development of online solutions for almost every field and the acceleration of digitalization processes.
As global human mobility will be more limited in the medium term in the upcoming period, it seems that the growth momentum in the distance education, mobile banking and insurance, digital shopping and entertainment sectors will be preserved. In addition, the increase in the market values of global companies active in the digital world during the COVID-19 epidemic process and the increase in the number of billionaires investing in companies in countries with developed economies, especially the USA, provide sufficient insight into future trends.