Global economic recovery has lost momentum due to pandemic-induced supply chain disruptions
DW: 5 threats to the global economy in 2022
The global economic recovery is being held back by the ongoing COVID pandemic. However, the mutating coronavirus is just one of the main risks which could dampen investor spirits in the coming year.
The global economy recovered strongly in 2021 from its pandemic lows, only to lose some of its steam in the second half thanks to fresh pandemic outbreaks, supply chain bottlenecks, labor shortages and a slow rollout of COVID-19 vaccines, especially in low-income developing countries.
The slowing recovery prompted economists at the International Monetary Fund (IMF) and the 38-member Organization for Economic Cooperation and Development (OECD) to slightly trim their global growth forecasts for the year in October and December respectively.
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WNU Editor: I would add energy (specifically lack of) to the list.
2 comments:
Darwin Australia has just put in force a strict lockout for all unvaccinated
#6 Democrat policies
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