Economic and financial risk insights: economic immunity needed as COVID cases surge
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The latest surge in COVID-19 infections represents a setback for the growth outlook, while inflationary pressure is persisting.
- A new surge in COVID-19 cases is threatening economic momentum with mobility restrictions, especially in Europe and China.
- Supply chain-related inflationary pressures refuse to dissipate, reviving risks of stagflation in 2022.
- The Federal Reserve is shifting to a hawkish tone, but we see one less rate hike in 2022 than the three the market is currently pricing in.
- Watch our monthly outlook video, which this time is a special edition with insights from our team across the globe.