- December 31, 2021
- Posted by: Stratford Team
- Category: Economy
The hope is this rapid expansion continues in 2022, allowing the country to heal most of the economic wounds caused by the health crisis. The jobs market could return to full employment by the end of 2022. And red-hot inflation is expected to finally cool off, moving towards healthier levels.
And yet, the past two years have shown how unforeseen events can alter forecasts, sometimes dramatically.
For all its recent strength, the economy’s recovery faces multiple risks in 2022, starting with the force that continues to dominate daily life: Covid.
Covid doesn’t go away
The hope is that Omicron is spreading so rapidly that it burns itself out, making its impact short-lived. But what if this latest wave sticks around long enough that it puts a dent in consumer demand — especially in Covid-sensitive sectors like travel and restaurants?
“The pandemic remains the single largest potential disruptor of the domestic and global economy,” said Joe Brusuelas, chief…
