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As we arrive in 2022, there are plenty of storm clouds on the horizon to grapple with: inflation rates in the major economies remain well above target and well above what the forecasting community expected last year; aggregate demand remains elevated; global supply-chains are still clogged; the Covid-19 pandemic continues to fester; and the geopolitical climate is also darkening. [more]
It is, once again, the season of the year when not only are we preparing for Christmas holidays and starting to think about new year resolutions, but economic forecasters are also offering their outlooks for the upcoming year. [more]