Page 3 - Al-Rashed Newsletter January 2021

POTPOURRI
MARKET ANALYSIS 2021

The pent up demand is almost eased out.

Back to pre-Covid levels, hands would change from 'revenge buying' to 'revenge travelling' after the
successful immunization, until the low interest and fed keeps the money supply and rates are held back,
commodity prices would continue to see sharp upside ignoring the inflation for the sake of growth which
was badly battered by the covid crisis, With US elections a past, oil prices seeing North trajectory, Middle
East market would continue to see higher demand.

The money supply has 'exploded,' fiscal deficits are 'off the charts' and a hot economy may either already
be here or 'just around the corner. Despite talk prompted by the pandemic of moving production and
supply chains out of China, companies are doubling down manufacturing there.

Sector rotation forecast (Kuwait and ME market in particular) Q4 2020/ Q1 2021 parameter on
customer spending

*- subject to immunization and opening of travel and leisure
Above information is collected keeping in mind forthcoming Ramadan, consumer behaviour, customer
cargo forecast since past 2 weeks of order flow, Corona vaccination, central bank monetary policy and
trillion $ fed stimulus post-20th Jan 21.

MR. GOLDY CHADHA
KEY ACCOUNT MANAGER