Pasaulio ekonomikos apžvalga „Nordic Outlook“ (anglų kalba)
Gathering storm clouds, but brighter days ahead
As 2022 begins, the economic environment is challenging. Inflation continues to pose problems, and central banks such as the US Federal Reserve, the Bank of England and Norges Bank are now taking up the fight and shifting their monetary policies towards tightening. Fiscal policies in most countries are also entering a contractionary period, as pandemic relief packages are phased out. This is happening even though the COVID-19 pandemic is definitely not over. Virus transmission reached record highs at the beginning of this year; the number of new cases, absences due to illness and quarantined family members has almost exploded. This is causing continued pressure on goods supply and value chains, while demand for tourism, hospitality and other services is being held back. Geopolitical risks have also intensified, due to growing tensions between Russia and Ukraine. Sharply deteriorating relations between Russia and the West could further drive up already very high energy prices, putting severe pressure on financial markets.
This February 2022 issue of Nordic Outlook includes four in-depth theme articles that discuss the following:
- Will inflation persist?
- Monetary exit policy
- Energy prices – Green fear
- The US – One year with Biden
We wish you pleasant reading and a happy 2022!