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.