2021 brought the recovery many had hoped for. Economies and business reopened, but no one could describe it as getting back to normal amid rocketing energy prices, high debt levels, and past-the-peak growth.
The coming year will be defined by a number of key decisions taken by policymakers around the globe. A key dilemma is how to tighten monetary policy and rein in inflation without killing off the recovery. Another is how to cope with higher energy prices as the world transitions to a low-carbon economy.
Fine-tuning policy settings to unravel these ‘Catch-22’ dynamics - while maintaining the trust of markets - will not be easy and these conditions certainly increase the risks of a policy mistake in the coming months.
So, what does this backdrop mean for global markets and how should investors think about approaching 2022? Read, listen and watch to find out more from our investment experts as they debate the key factors and themes that will drive returns across the world’s major asset classes in 2022.