2022 will be the “year of reckoning” for DM economies when they will test the effectiveness of the policies deployed since the peak of the pandemic phase and face the challenge of retuning to normality: fiscal and monetary policies will tighten up at a time when the growth/inflation mix is becoming more challenging and there is much less room for manoeuvre in terms of policy.
Fundamentals will be key to disentangling divergent trends, in a year that started on a much weaker footing than many expected.
You can now read the full whitepaper at the link below
