Entering 2021, the impact of the COVID-19 pandemic on global macroeconomic growth and the knock-on effects on asset prices, market sentiment, interest rates, and consumer credit (to name a few) will remain the key factors dictating structured finance issuance and performance through the year. And much like our outlook for the ongoing recovery of the global economy, performance may continue to be somewhat uneven depending on the specific structured finance asset class or region. With this in mind, we begin the 2021 edition of our global structured finance outlook with seven trends and observations to look out for in the year ahead.