Markets.News
A recent report shows that the global economy is expected to grow by 4.4% in 2022, a slightly slower pace than the 5.9% growth seen in 2021. The decrease is mainly attributed to the ongoing supply chain disruptions and rising inflation rates. Additionally, the report predicts that inflation will reach 3.1% in developed countries and 5.5% in emerging markets. It also highlights that global trade is anticipated to grow by 5.8% in 2022, down from the 7.2% growth seen in 2021. The report emphasizes that while the economic recovery from the pandemic is ongoing, uncertainties remain due to factors like the impact of new COVID-19 variants and geopolitical tensions.