As we move into 2021, these levers of support will remain in place, and in some instances, expanded upon. In the U.S., for example, we expect further fiscal support from the federal government, with additional stimulus of nearly $1 trillion, or approximately 5% of the economy. We anticipate similar increases in fiscal support from major developed economies and select emerging economies as they look to bridge the gap to a full recovery. Central banks should remain accommodative in 2021 and beyond as well. The European Central Bank, for example, may increase asset purchases in the near future.