Outlook 2022 – Small drop in temperature

In 2021, the world experienced a vigorous, though non-linear, economic growth recovery and a resurgence of inflation far in excess of expectations. Two phenomena are at play. Firstly, the pandemic is having fewer disruptive effects on activity thanks to the protection people have acquired through vaccinations or natural immunity. Few travel restrictions are now imposed as new variants emerge. The disconnection of the economy from health conditions is set to continue in 2022. The ...