Three potential surprises in 2021 | Visa


Three potential surprises in 2021

Looking back, most economists were overly pessimistic. Close reading of high-frequency transaction data has revealed greater resilience in the global economy.

A line chart showing that YoY transaction growth of affluent households. See Image description for more information.
A line chart showing that YoY transaction growth of affluent households rebounded from a low of -19% in Apr-20 to -6% as of Dec-20 while non-affluent spending growth rose from a low of -12% in mid-April to 2% in October and leveling off at 0% in early December.
A line chart showing YoY transaction growth of entertainment and travel purchases by affluent households. See image description for more details.
A line chart showing YoY transaction growth of entertainment and travel purchases by affluent households reaching a low of -69% on May 1 of 2020 and increasing to -41% in early December, while spending in non-affluent households rose from -63% to -27% during the same time period.