2022 will bring an end to the coronavirus pandemic and a complete recovery of the world economy. This is predicted by the American investment bank JP Morgan in its analysis.
The new vaccines and therapies against Covid-19 will lead to “a strong cyclical recovery, a return to global mobility and a release of accumulated consumer demand,” the forecast said.
“We believe 2022 will be a year of full global recovery, an end to the pandemic and a return to the normal economic and market conditions we had before the Covid-19 outbreak,” said JP’s chief global market strategist and co-head of Global Research. Morgan Marko Kolanovic.
According to the investment bank, the condition of households is reaching record highs in many developed countries, and savings are also growing. Consumption will remain strong for years amid good labor market conditions and the capacity to take on more debt, according to JP Morgan.
The S&P 500 is expected to rise by almost 8% to 5,050 points next year, emerging market stocks to grow by 18% and US government bond yields to rise to 10 years, a key indicator of global borrowing costs. 2.25% by the end of 2022
Among the bank’s forecasts is a rise in crude oil prices, which could reach $ 125 a barrel in 2022 and $ 150 in 2023 due to the limited capacity of the Organization of the Petroleum Exporting Countries (OPEC) to increase production.
The CEOs of ExxonMobil, Chevron and Saudi Arabian Oil believe that the world cannot function without fossil fuels, even in the face of the risks posed by climate change.
And billionaire Bill Gates is optimistic that the end of the pandemic is likely next year.
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