Last year, the world economy in general performed much better than had been expected at the same time a year ago. The vaccination programme progressed considerably more rapidly and covered much more of the world,. And growth correspondingly, really exploded. Inflation turned out to be also much, much stronger than anybody expected. A o what rice are we going to get? Is obviously the biggest single question at the moment. We just had this one to deal with. It seems sort of manageable, though it's very, very infectious. So, as it were, the future of our world. Anyway, i think, th sort of as quicklysi an, how i see the things.
2022 looks set to be another seismic year. A new Covid-19 variant threatens to prolong the pandemic. A diplomatic boycott of the Beijing Winter Olympics looks likely to escalate tensions with China. And time is running out to ’keep 1.5 alive’, in spite of the commitments made at COP26. Martin Wolf is chief economics commentator at the Financial Times and widely regarded as one of the world’s most influential writers on the global economy. He joins journalist Justin Webb to set out what he sees as the major trends that will shape the world in 2022.
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