forecast on new year's eve
will the world's economy fall into recession (again) in 2022?
most international institutions: IMF, world bank, OECD; most central banks: Fed, ECB, have given rosy forecast for 2022: continuing recovery, robust growth...
I'm not convinced, I'm concerned about the inflation. I think Fed and ECB will battle hard to bring the inflation under control, most advanced economies will suffer the same fate. The EM economies won't fair any better, as the off shore USD financing alone now stands at 16 trillions, high rates means capital flight.
we don't need to wait till the end of 2022, by the end of Q1, we should be able to tell if this forecast is good.
will the world's economy fall into recession (again) in 2022?
most international institutions: IMF, world bank, OECD; most central banks: Fed, ECB, have given rosy forecast for 2022: continuing recovery, robust growth...
I'm not convinced, I'm concerned about the inflation. I think Fed and ECB will battle hard to bring the inflation under control, most advanced economies will suffer the same fate. The EM economies won't fair any better, as the off shore USD financing alone now stands at 16 trillions, high rates means capital flight.
we don't need to wait till the end of 2022, by the end of Q1, we should be able to tell if this forecast is good.