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AXA Investment Managers

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Macroeconomic Outlook 2022: Compression, decompression, absorption

Macroeconomic Outlook 2022 - Compression, decompression, absorption

2020 was a year of massive compression of economic activity. 2021 was a year of fast decompression, with demand catching up quickly as we were reopening, exerting significant pressure on supply, triggering a rise in consumer prices unseen in decades.

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