The Big Issues for 2022
Nobody knows what turn the pandemic will take or whether recent price increases will be transitory, which means that economic forecasting has become even more hazardous than usual. Still, some trends should be watched more closely than others, and some policies should change regardless of what happens.
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LONDON – With the calendar year drawing to a close, the parlor game of pretending to know what will happen in the next 12 months has begun. Yet when it comes to 2022 (and beyond), I am not sure whether it is worth even pretending. I cannot recall a previous time when there were so many big question marks looming over so many key economic issues.