World economy in 2022: the big factors to watch closely

World economy in 2022: the big factors to watch closely

From theconversation.com

Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the festive break comes to an end. One complicating factor is that most of the latest major forecasts were published in the weeks before the omicron variant swept the world. At that time, the mood was that recovery was indeed around the corner, with the IMF projecting 4.9% growth in 2022 and the OECD projecting 4.5%. These numbers are lower than the circa 5% to 6% global growth expected to have been achieved in 2021, but that represents the inevitable rebound from reopening after the pandemic ... (full story)

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UK consumers ramp up credit card debt and save less despite Covid crisis
From theguardian.com|Jan 5, 2022
Consumer borrowing on credit cards jumped to its highest level in more than a year in November, pushing all forms of household unsecured credit to £1.2bn, according to the latest ...
China closes key port after Covid outbreak, increasing pressure on supply chain
From youtube.com/cnbctelevision|Jan 4, 2022|1 comment
CNBC's Lori Ann LaRocco reports on the shuttering of the Chinese port of Ningbo due to a Covid outbreak and the impact it's likely to have on the supply chain.
Australia’s supply chain could soon fracture if rapid antigen tests aren’t made free, the transport...
From businessinsider.com.au|Jan 4, 2022
Australia could soon face a supply chain crisis as transport workers are forced off the job because they cannot access rapid antigen tests, the Transport Workers Union warns. ...

- Newer Stories
Draghi and Italy future depends on Berlusconi
From omfif.org|Jan 5, 2022
Silvio Berlusconi, the veteran populist four-times Italian prime minister, appears a credible candidate as the next president of the republic. At the same time he faces a possible ...
Worries over Omicron variant push Spanish growth lower in December
From markiteconomics.com|Jan 5, 2022
The Spanish service sector continued its recent run of expansion during December, with both activity and new business rising markedly again. However, compared to November, rates ...
Japan's consumer confidence slightly worsens in Dec - govt
From channelnewsasia.com|Jan 5, 2022
Japan's consumer confidence fell slightly in December, the government said on Wednesday, as domestic COVID-19 cases started rising towards the end of the month. A Cabinet Office ...