Global | Key themes 2022: Strong recovery amid shifting risks

Diminishing economic disruption and uncertainty, stemming from the pandemic and ensuing supply-side bottlenecks, bode well for a still-strong recovery in 2022. But next year will herald a new phase in the recovery, driven by distinct shifts in the key macroeconomic trends.

What you will learn:

  • Tighter fiscal policy will be a common thread across advanced economies (AEs) as emergency support measures are unwound.
  • The unwinding of the large hoard of excess savings accumulated by households may soften the blow from tighter fiscal policy.
  • We’re still confident that inflation will fall back sharply in 2022.

Topics: Global economics, Forecasts, Global, ECB, Economic outlook, Monetary policy, Inflation, Global economy, Global supply chain, Coronavirus, GDP, Consumer, Recovery, Pandemic, Fiscal policy, Inflation risks, Economic recovery, Supply chain, Outlook, Central banks, household savings, Supply and demand, CPI inflation

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