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Global Economics Monthly Review

  • Morbidity is rising in a large number of countries, and has led to a tightening in restrictions, which is expected to slow economic activity. 
     
  • However, an apparent improvement in supply disruptions, if this continues, is likely to support industrial growth in the coming months. 
     
  • Asian economies grew in the final quarter of 2021; however,  temporary weakness in external demand is likely to weigh on the activity of these countries in the beginning of 2022. 
     
  • Within Latin America, there are large variations among the countries in the degree of recovery in economic activity.
     
  • Inflation in developed countries continued to climb in the fourth quarter of 2021, against the backdrop of increases in energy and food prices. 
     
  • Central banks are adhering to their hawkish stances, and Britain hiked its interest rate. 
     
  • Inflationary pressures are expected to moderate gradually during 2022; however, inflation is still expected to remain above target levels throughout most of the coming year.

 

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