As a tumultuous 2019 draws to a close, we look ahead at what to expect in 2020. Will the US-China trade war gather momentum or are we close to a détente? Will the UK election deliver a path to Brexit? What can we expect from the US elections? And, in South Africa, will Ramaphosa’s promised revival bear fruit or will SA remain mired in low growth and rising debt? MacroSolutions’ John Orford considers the outlook for global and local financial markets in 2020.