Economic Affairs

A bumpy year ahead for economies and markets

The pandemic, inflation and monetary tightening make for unpredictable times

<p>FILE PHOTO: A trader works on the trading floor on the last day of trading before Christmas at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 23, 2021. REUTERS/Andrew Kelly/File Photo</p>
Barring occasional wobbles in the run-up to Christmas brought on by scares around Omicron, markets have held steady. PHOTO: REUTERS
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More Covid-19 infection, higher inflation, uncertain and uneven economic recoveries and more volatile financial markets. That's a reasonable guess of what is likely to play out next year, barring inevitable surprises, both pleasant and not.

From how it looks now, the world in 2022 will continue to be haunted by Covid-19. The emergence of the Omicron variant, which is now the most dominant in several countries, reminds us that there is no smooth or linear path out of the pandemic.

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