www.capitaleconomics.com
Open in
urlscan Pro
13.32.99.66
Public Scan
URL:
https://www.capitaleconomics.com/clients/publications/global-economics/global-economics-update/the-world-in-2022/
Submission: On December 18 via manual from US — Scanned from DE
Submission: On December 18 via manual from US — Scanned from DE
Form analysis
9 forms found in the DOMPOST #
<form id="ce_blaize_login_complete_form" action="#" method="post">
<label for="email_address">Enter your email</label><br>
<input type="email" name="email_address" placeholder="Email" required="">
<span class="ce-blaize-field-error ce-blaize-error-email hidden"></span><br>
<label for="password">Enter your password</label><br>
<input type="password" name="password" placeholder="Password">
<span class="ce-blaize-field-error ce-blaize-error-password hidden"></span><br>
<p>Don't have a password yet? Please <a class="ce-blaize-reset-link" href="javascript: void(0)">create one</a>
</p>
<div class="clearfix">
<button type="submit" class="btn btn-login">Login</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
<p>Don't have an account yet? <a class="ce-blaize-trial-link" href="javascript: void(0)">Request a free trial</a>
</p>
</form>
POST #
<form id="ce_blaize_login_email_form" action="#" method="post">
<label for="email_address">Enter your email</label><br>
<input type="email" name="email_address" placeholder="Email" required="">
<span class="ce-blaize-field-error ce-blaize-error-email hidden"></span><br>
<div class="ce-blaize-notification ce-blaize-error-box hidden"></div>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
<p><a href="mailto:support@capitaleconomics.com?subject=Email not recognised in login">Already
registered? Click here if you are having problems logging in</a>
</p>
</form>
POST #
<form id="ce_blaize_login_password_form" action="#" method="post">
<input type="password" name="password" placeholder="Password" required="">
<span class="ce-blaize-field-error ce-blaize-error-password hidden"></span><br>
<p class="ce-blaize-forgotten-password">
<a class="ce-blaize-reset-link" href="javascript: void(0)">Reset your password</a>
</p>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
POST #
<form id="ce_blaize_trial_request_form" class="js-track-free-trial-form" action="#" method="post">
<label for="email_address">Enter your work email to start:</label><br>
<input type="email" name="email_address" placeholder="Email" required="">
<span class="ce-blaize-field-error ce-blaize-error-email hidden"></span><br>
<div class="ce-blaize-notification ce-blaize-error-box hidden"></div>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
POST #
<form id="ce_blaize_trial_paywall_request_form" class="js-track-free-trial-form" action="#" method="post">
<div class="clearfix">
<button type="submit" class="btn btn-login">Request a free trial</button>
</div>
</form>
POST #
<form id="ce_blaize_registration_password_form" action="#" method="post">
<input type="password" name="password" placeholder="Password" required=""><br>
<span class="ce-blaize-field-error ce-blaize-error-password hidden"></span><br>
<p>Please repeat your password to confirm</p>
<input type="password" name="confirm_password" placeholder="Confirm Password" required=""><br>
<span class="ce-blaize-field-error ce-blaize-error-confirm-password hidden"></span>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
POST #
<form id="ce_blaize_registration_details_form" class="js-track-free-trial-form" action="#" method="post">
<div class="container">
<div class="row trial-field-container">
<div class="col-sm-6 left-field large-field"><label for="first-name">Name<span class="required-field-mark">*</span></label><br>
<input type="text" name="first-name" placeholder="" required=""><br>
</div>
<div class="col-sm-6 right-field large-field"><label for="last-name">Surname<span class="required-field-mark">*</span></label><br>
<input type="text" name="last-name" placeholder="" required=""><br>
</div>
<div class="col-sm-6 left-field large-field">
<label for="country">Country<span class="required-field-mark">*</span></label><br>
<div class="selected-country" data-type="text" data-value="" data-required="true" data-name="country">Select a country</div>
<ul class="list-select-country hidden">
<li data-value="Afghanistan">Afghanistan</li>
<li data-value="Albania">Albania</li>
<li data-value="Algeria">Algeria</li>
<li data-value="Andorra">Andorra</li>
<li data-value="Angola">Angola</li>
<li data-value="Anguilla">Anguilla</li>
<li data-value="Antigua and Barbuda">Antigua and Barbuda</li>
<li data-value="Argentina">Argentina</li>
<li data-value="Armenia">Armenia</li>
<li data-value="Ascension Island">Ascension Island</li>
<li data-value="Australia">Australia</li>
<li data-value="Austria">Austria</li>
<li data-value="Azerbaijan">Azerbaijan</li>
<li data-value="Bahamas">Bahamas</li>
<li data-value="Bahrain">Bahrain</li>
<li data-value="Bangladesh">Bangladesh</li>
<li data-value="Barbados">Barbados</li>
<li data-value="Belarus">Belarus</li>
<li data-value="Belgium">Belgium</li>
<li data-value="Belize">Belize</li>
<li data-value="Benin">Benin</li>
<li data-value="Bermuda">Bermuda</li>
<li data-value="Bhutan">Bhutan</li>
<li data-value="Bolivia">Bolivia</li>
<li data-value="Bosnia and Herzegovina">Bosnia and Herzegovina</li>
<li data-value="Botswana">Botswana</li>
<li data-value="Brazil">Brazil</li>
<li data-value="British Antarctic Territory">British Antarctic Territory</li>
<li data-value="British Indian Ocean Territory">British Indian Ocean Territory</li>
<li data-value="British Virgin Islands">British Virgin Islands</li>
<li data-value="Brunei">Brunei</li>
<li data-value="Bulgaria">Bulgaria</li>
<li data-value="Burkina Faso">Burkina Faso</li>
<li data-value="Burma">Burma</li>
<li data-value="Burundi">Burundi</li>
<li data-value="Cambodia">Cambodia</li>
<li data-value="Cameroon">Cameroon</li>
<li data-value="Canada">Canada</li>
<li data-value="Cape Verde">Cape Verde</li>
<li data-value="Cayman Islands">Cayman Islands</li>
<li data-value="Central African Republic">Central African Republic</li>
<li data-value="Chad">Chad</li>
<li data-value="Channel islands">Channel islands</li>
<li data-value="Chile">Chile</li>
<li data-value="China">China</li>
<li data-value="Colombia">Colombia</li>
<li data-value="Comoros">Comoros</li>
<li data-value="Costa Rica">Costa Rica</li>
<li data-value="Croatia">Croatia</li>
<li data-value="Cuba">Cuba</li>
<li data-value="Curacao">Curacao</li>
<li data-value="Cyprus">Cyprus</li>
<li data-value="Czech Republic">Czech Republic</li>
<li data-value="Democratic Republic of Congo">Democratic Republic of Congo</li>
<li data-value="Denmark">Denmark</li>
<li data-value="Djibouti">Djibouti</li>
<li data-value="Dominica">Dominica</li>
<li data-value="Dominican Republic">Dominican Republic</li>
<li data-value="East Timor">East Timor</li>
<li data-value="Ecuador">Ecuador</li>
<li data-value="Egypt">Egypt</li>
<li data-value="El Salvador">El Salvador</li>
<li data-value="Equatorial Guinea">Equatorial Guinea</li>
<li data-value="Eritrea">Eritrea</li>
<li data-value="Estonia">Estonia</li>
<li data-value="Ethiopia">Ethiopia</li>
<li data-value="Falkland Islands">Falkland Islands</li>
<li data-value="Fiji">Fiji</li>
<li data-value="Finland">Finland</li>
<li data-value="France">France</li>
<li data-value="Gabon">Gabon</li>
<li data-value="Gambia">Gambia</li>
<li data-value="Georgia">Georgia</li>
<li data-value="Germany">Germany</li>
<li data-value="Ghana">Ghana</li>
<li data-value="Gibraltar">Gibraltar</li>
<li data-value="Greece">Greece</li>
<li data-value="Grenada">Grenada</li>
<li data-value="Guatemala">Guatemala</li>
<li data-value="Guinea">Guinea</li>
<li data-value="Guinea-Bissau">Guinea-Bissau</li>
<li data-value="Guyana">Guyana</li>
<li data-value="Haiti">Haiti</li>
<li data-value="Honduras">Honduras</li>
<li data-value="Hong Kong">Hong Kong</li>
<li data-value="Hungary">Hungary</li>
<li data-value="Iceland">Iceland</li>
<li data-value="India">India</li>
<li data-value="Indonesia">Indonesia</li>
<li data-value="Iran">Iran</li>
<li data-value="Iraq">Iraq</li>
<li data-value="Ireland">Ireland</li>
<li data-value="Isle of Man">Isle of Man</li>
<li data-value="Israel">Israel</li>
<li data-value="Italy">Italy</li>
<li data-value="Ivory Coast">Ivory Coast</li>
<li data-value="Jamaica">Jamaica</li>
<li data-value="Japan">Japan</li>
<li data-value="Jordan">Jordan</li>
<li data-value="Kazakhstan">Kazakhstan</li>
<li data-value="Kenya">Kenya</li>
<li data-value="Kiribati">Kiribati</li>
<li data-value="Korea">Korea</li>
<li data-value="Kosovo">Kosovo</li>
<li data-value="Kuwait">Kuwait</li>
<li data-value="Kyrgyzstan">Kyrgyzstan</li>
<li data-value="Laos">Laos</li>
<li data-value="Latvia">Latvia</li>
<li data-value="Lebanon">Lebanon</li>
<li data-value="Lesotho">Lesotho</li>
<li data-value="Liberia">Liberia</li>
<li data-value="Libya">Libya</li>
<li data-value="Liechtenstein">Liechtenstein</li>
<li data-value="Lithuania">Lithuania</li>
<li data-value="Luxembourg">Luxembourg</li>
<li data-value="Macedonia">Macedonia</li>
<li data-value="Madagascar">Madagascar</li>
<li data-value="Malawi">Malawi</li>
<li data-value="Malaysia">Malaysia</li>
<li data-value="Maldives">Maldives</li>
<li data-value="Mali">Mali</li>
<li data-value="Malta">Malta</li>
<li data-value="Marshall Islands">Marshall Islands</li>
<li data-value="Mauritania">Mauritania</li>
<li data-value="Mauritius">Mauritius</li>
<li data-value="Mexico">Mexico</li>
<li data-value="Micronesia">Micronesia</li>
<li data-value="Moldova">Moldova</li>
<li data-value="Monaco">Monaco</li>
<li data-value="Mongolia">Mongolia</li>
<li data-value="Montenegro">Montenegro</li>
<li data-value="Montserrat">Montserrat</li>
<li data-value="Morocco">Morocco</li>
<li data-value="Mozambique">Mozambique</li>
<li data-value="Namibia">Namibia</li>
<li data-value="Nauru">Nauru</li>
<li data-value="Nepal">Nepal</li>
<li data-value="Netherlands">Netherlands</li>
<li data-value="New Zealand">New Zealand</li>
<li data-value="Nicaragua">Nicaragua</li>
<li data-value="Niger">Niger</li>
<li data-value="Nigeria">Nigeria</li>
<li data-value="Norway">Norway</li>
<li data-value="Oman">Oman</li>
<li data-value="Pakistan">Pakistan</li>
<li data-value="Palau">Palau</li>
<li data-value="Palestine">Palestine</li>
<li data-value="Panama">Panama</li>
<li data-value="Papua New Guinea">Papua New Guinea</li>
<li data-value="Paraguay">Paraguay</li>
<li data-value="Peru">Peru</li>
<li data-value="Philippines">Philippines</li>
<li data-value="Pitcairn Islands">Pitcairn Islands</li>
<li data-value="Poland">Poland</li>
<li data-value="Portugal">Portugal</li>
<li data-value="Puerto Rico">Puerto Rico</li>
<li data-value="Qatar">Qatar</li>
<li data-value="Republic of Congo">Republic of Congo</li>
<li data-value="Romania">Romania</li>
<li data-value="Russia">Russia</li>
<li data-value="Rwanda">Rwanda</li>
<li data-value="Samoa">Samoa</li>
<li data-value="San Marino">San Marino</li>
<li data-value="Sao Tome and Principe">Sao Tome and Principe</li>
<li data-value="Saudi Arabia">Saudi Arabia</li>
<li data-value="Senegal">Senegal</li>
<li data-value="Serbia">Serbia</li>
<li data-value="Seychelles">Seychelles</li>
<li data-value="Sierra Leone">Sierra Leone</li>
<li data-value="Singapore">Singapore</li>
<li data-value="Slovakia">Slovakia</li>
<li data-value="Slovenia">Slovenia</li>
<li data-value="Solomon Islands">Solomon Islands</li>
<li data-value="Somalia">Somalia</li>
<li data-value="South Africa">South Africa</li>
<li data-value="South Georgia and the South Sandwich Islands">South Georgia and the South Sandwich Islands</li>
<li data-value="South Sudan">South Sudan</li>
<li data-value="Spain">Spain</li>
<li data-value="Sri Lanka">Sri Lanka</li>
<li data-value="St Helena">St Helena</li>
<li data-value="St Kitts and Nevis">St Kitts and Nevis</li>
<li data-value="St Lucia">St Lucia</li>
<li data-value="St Vincent">St Vincent</li>
<li data-value="Sudan">Sudan</li>
<li data-value="Suriname">Suriname</li>
<li data-value="Swaziland">Swaziland</li>
<li data-value="Sweden">Sweden</li>
<li data-value="Switzerland">Switzerland</li>
<li data-value="Syria">Syria</li>
<li data-value="Taiwan">Taiwan</li>
<li data-value="Tajikistan">Tajikistan</li>
<li data-value="Tanzania">Tanzania</li>
<li data-value="Thailand">Thailand</li>
<li data-value="Togo">Togo</li>
<li data-value="Tonga">Tonga</li>
<li data-value="Trinidad and Tobago">Trinidad and Tobago</li>
<li data-value="Tristan da Cunha">Tristan da Cunha</li>
<li data-value="Tunisia">Tunisia</li>
<li data-value="Turkey">Turkey</li>
<li data-value="Turkmenistan">Turkmenistan</li>
<li data-value="Turks and Caicos Islands">Turks and Caicos Islands</li>
<li data-value="Tuvalu">Tuvalu</li>
<li data-value="UAE">United Arab Emirates</li>
<li data-value="Uganda">Uganda</li>
<li data-value="UK">United Kingdom</li>
<li data-value="Ukraine">Ukraine</li>
<li data-value="Uruguay">Uruguay</li>
<li data-value="US Virgin Islands">US Virgin Islands</li>
<li data-value="USA">United States of America</li>
<li data-value="Uzbekistan">Uzbekistan</li>
<li data-value="Vanuatu">Vanuatu</li>
<li data-value="Vatican City">Vatican City</li>
<li data-value="Venezuela">Venezuela</li>
<li data-value="Vietnam">Vietnam</li>
<li data-value="Yemen">Yemen</li>
<li data-value="Zambia">Zambia</li>
<li data-value="Zimbabwe">Zimbabwe</li>
</ul>
</div>
<div class="col-sm-6 right-field large-field"><label for="organisation">Company<span class="required-field-mark">*</span></label><br>
<input type="text" name="organisation" placeholder="" required=""><br>
</div>
<div class="col-sm-12 p-0 large-field"><label for="telephone">Telephone Number<span class="required-field-mark">*</span></label><br>
<input type="tel" name="telephone" placeholder="" required=""><br>
</div>
<div class="col-sm-12 p-0 large-field"><label for="job-title">Job title<span class="required-field-mark">*</span></label><br>
<input type="text" name="job-title" placeholder="" required=""><br>
</div>
<div>
<div class="row ce-blaize-checkbox-container">
<div id="trial_request_checked" class="col-xs-1 col-1 ce-blaize-checkbox" data-type="checkbox" data-required="false" data-value="on" data-name="free-trial-opt-in"></div>
<label class="col-xs-11 col-11"> Yes, please contact me about a trial with Capital Economics. </label>
</div>
<div class="row ce-blaize-legal-container">
<p> By registering and / or requesting a trial you are consenting to receiving updates from Capital Economics regarding our macroeconomic research for the purposes of assessing its suitability for your organisation. You can unsubscribe at
any time. <a href="/terms-privacy/" target="_blank"> See our privacy policy for more
information.</a>
</p>
</div>
</div>
</div>
</div>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
POST #
<form id="ce_blaize_set_new_password_form" action="#" method="post">
<input type="password" name="password" placeholder="Password"><br>
<span class="ce-blaize-field-error ce-blaize-error-password hidden"></span><br>
<p>Please repeat your password to confirm</p>
<input type="password" name="confirm_password" placeholder="Confirm Password"><br>
<span class="ce-blaize-field-error ce-blaize-error-confirm-password hidden"></span>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
POST #
<form id="ce_blaize_set_new_password_form" action="#" method="post">
<input type="password" name="password" placeholder="Password"><br>
<span class="ce-blaize-field-error ce-blaize-error-password hidden"></span><br>
<p>Please repeat your password to confirm</p>
<input type="password" name="confirm_password" placeholder="Confirm Password"><br>
<span class="ce-blaize-field-error ce-blaize-error-confirm-password hidden"></span>
<div class="clearfix">
<button type="submit" class="btn btn-login">Continue</button>
</div>
<span class="ce-blaize-field-error ce-blaize-error-general hidden"></span>
</form>
Text Content
* Services * Insights * About us * CE Spotlight Login Try for free * SUBSCRIPTIONS * View All Subscription Services * PUBLICATIONS Research you need to make informed decisions * CE INTERACTIVE Our powerful new data and charting platform * ADVISORY Our economists are on hand to provide the support you need * WEBINARS AND EVENTS Keeping you fully briefed with regular online and in-person events * CONSULTANCY * View All Our Consultancy Services * BESPOKE RESEARCH Working closely with you to address specific research needs * WORKSHOPS & BRIEFINGS Delivering bespoke presentations and workshops to drive better decision-making * HIGHLIGHTS * CAPITAL VIEWS Blog posts, economist interviews, highlights from our research and more * FORECAST HUB Top-line macro and market summary views and forecasts from across our subscription services * CENTRAL BANK HUB Analysis and forecasts covering major developed and emerging market monetary authorities * CAPITAL CALLS Our highest conviction macro forecasts and their market implications * IN THE NEWS Our economists are regularly quoted by the world’s leading media organisations * KEY THEMES * ECONOMIES AFTER COVID Exploring the global economy in the post-pandemic age * THE END OF GLOBALISATION Does the coronavirus spell the end of this phase of globalisation? * THE GOLDEN AGE FOR EMERGING MARKETS IS OVER The growth outlook for EMs in a post-pandemic age * COVID MACRO MONITOR CE Interactive’s guide to the pandemic and its economic impact * View All Key Themes * EVENTS * UPCOMING EVENTS Register for our upcoming webinars and in-person events * RECORDINGS ARCHIVE Our video archive of recent events * * THE COMPANY * OUR PHILOSOPHY * WHY PAY FOR RESEARCH? * WHY CAPITAL ECONOMICS? * OUR TEAM * CAREERS * CAPITAL ECONOMICS & MIFID II * CONTACT US * * CE SPOTLIGHT 2021: THE REBIRTH OF INFLATION? A unique series of reports and online events examining the inflation question from all angles * Services * Subscriptions * View All Subscription Services * Publications * CE Interactive * Advisory * Webinars and Events * Consultancy * View All Our Consultancy Services * Bespoke Research * Workshops & Briefings * Insights * Highlights * Capital Views * Forecast Hub * Central Bank Hub * Capital Calls * In the News * Key Themes * Economies after COVID * The End of Globalisation * The Golden Age for Emerging Markets is Over * COVID Macro Monitor * View All Key Themes * Events * Upcoming events * Recordings Archive * About us * The Company * Our Philosophy * Why Pay for Research? * Why Capital Economics? * Our Team * Careers * Capital Economics & MIFID II * Contact Us * CE Spotlight * CE Spotlight 2021: The Rebirth of Inflation? Login Try for free My Library Close The World in 2022 ← Previous PMIs: Virus hits services; further signs of shortages easing client area » Publications » Global Economics » Global Economics Update THE WORLD IN 2022 17 December 2021 Neil Shearing Group Chief Economist 17 December 2021 We expect growth in almost every major economy to slow next year, with the US and China in particular falling some way short of current expectations. At the same time, while headline inflation will drop sharply, core inflation will remain higher than most anticipate in a number of countries. This will pose a dilemma for policymakers. We expect most central banks to tighten policy next year, but in some cases (though notably not the US) the pace of tightening will be a bit slower than investors currently anticipate. China is likely to be one of the few countries in which interest rates are cut. THIS CONTENT REQUIRES LOGIN Already a subscriber or trialist? Simply log in to view this article. Enter your email Enter your password Don't have a password yet? Please create one Login Don't have an account yet? Request a free trial ACCESS CONTENT Please enter your email address in the field below to access content. Enter your email Continue Already registered? Click here if you are having problems logging in Go back ENTER YOUR PASSWORD Please enter your password in the field below to complete your log in. Reset your password Continue Go back SIGN UP FOR A FREE TRIAL, INCLUDING: * - Access to in-depth reports and forecasts * - Rapid responses to market moving events and data releases * - Email alerts and economist-curated newsletters Enter your work email to start: Continue REQUEST A FREE TRIAL Unfortunately you don't have access to this content at the moment. If you would like to view it, please click the button below to request a free trial. Request a free trial TRIAL REQUEST SENT A trial request has been sent successfully. Go back THIS ACCOUNT ALREADY EXISTS It looks like you already have an account with us. Would you like to request a free trial for services you don't currently have access to, or log in? Request a free trial Login FREE TRIAL REQUEST SENT Your free trial request has been sent successfully. We will be in touch shortly to discuss it with you. Go to homepage Go back THANK YOU. YOU CAN NOW CREATE A PASSWORD TO USE YOUR FREE CREDITS Please create a password for your account. Passwords must be at least 8 characters long and contain both numbers and letters. Please repeat your password to confirm Continue Go back ENTER YOUR DETAILS FOR COMPLIMENTARY ACCESS You will receive 3 credits you can use to access our research immediately. Name* Surname* Country* Select a country * Afghanistan * Albania * Algeria * Andorra * Angola * Anguilla * Antigua and Barbuda * Argentina * Armenia * Ascension Island * Australia * Austria * Azerbaijan * Bahamas * Bahrain * Bangladesh * Barbados * Belarus * Belgium * Belize * Benin * Bermuda * Bhutan * Bolivia * Bosnia and Herzegovina * Botswana * Brazil * British Antarctic Territory * British Indian Ocean Territory * British Virgin Islands * Brunei * Bulgaria * Burkina Faso * Burma * Burundi * Cambodia * Cameroon * Canada * Cape Verde * Cayman Islands * Central African Republic * Chad * Channel islands * Chile * China * Colombia * Comoros * Costa Rica * Croatia * Cuba * Curacao * Cyprus * Czech Republic * Democratic Republic of Congo * Denmark * Djibouti * Dominica * Dominican Republic * East Timor * Ecuador * Egypt * El Salvador * Equatorial Guinea * Eritrea * Estonia * Ethiopia * Falkland Islands * Fiji * Finland * France * Gabon * Gambia * Georgia * Germany * Ghana * Gibraltar * Greece * Grenada * Guatemala * Guinea * Guinea-Bissau * Guyana * Haiti * Honduras * Hong Kong * Hungary * Iceland * India * Indonesia * Iran * Iraq * Ireland * Isle of Man * Israel * Italy * Ivory Coast * Jamaica * Japan * Jordan * Kazakhstan * Kenya * Kiribati * Korea * Kosovo * Kuwait * Kyrgyzstan * Laos * Latvia * Lebanon * Lesotho * Liberia * Libya * Liechtenstein * Lithuania * Luxembourg * Macedonia * Madagascar * Malawi * Malaysia * Maldives * Mali * Malta * Marshall Islands * Mauritania * Mauritius * Mexico * Micronesia * Moldova * Monaco * Mongolia * Montenegro * Montserrat * Morocco * Mozambique * Namibia * Nauru * Nepal * Netherlands * New Zealand * Nicaragua * Niger * Nigeria * Norway * Oman * Pakistan * Palau * Palestine * Panama * Papua New Guinea * Paraguay * Peru * Philippines * Pitcairn Islands * Poland * Portugal * Puerto Rico * Qatar * Republic of Congo * Romania * Russia * Rwanda * Samoa * San Marino * Sao Tome and Principe * Saudi Arabia * Senegal * Serbia * Seychelles * Sierra Leone * Singapore * Slovakia * Slovenia * Solomon Islands * Somalia * South Africa * South Georgia and the South Sandwich Islands * South Sudan * Spain * Sri Lanka * St Helena * St Kitts and Nevis * St Lucia * St Vincent * Sudan * Suriname * Swaziland * Sweden * Switzerland * Syria * Taiwan * Tajikistan * Tanzania * Thailand * Togo * Tonga * Trinidad and Tobago * Tristan da Cunha * Tunisia * Turkey * Turkmenistan * Turks and Caicos Islands * Tuvalu * United Arab Emirates * Uganda * United Kingdom * Ukraine * Uruguay * US Virgin Islands * United States of America * Uzbekistan * Vanuatu * Vatican City * Venezuela * Vietnam * Yemen * Zambia * Zimbabwe Company* Telephone Number* Job title* Yes, please contact me about a trial with Capital Economics. By registering and / or requesting a trial you are consenting to receiving updates from Capital Economics regarding our macroeconomic research for the purposes of assessing its suitability for your organisation. You can unsubscribe at any time. See our privacy policy for more information. Continue REGISTRATION SUCCESSFUL You are now registered for your trial. We have sent you a confirmation email, please click on the activation link within to read the full report. RESET EMAIL SENT An email with the steps to reset your password has been sent to your inbox. Please check your email to validate and set the new password SET NEW PASSWORD Please set a new password for your account. Passwords must be at least 8 characters long and contain both numbers and letters. Please repeat your password to confirm Continue PASSWORD HAS BEEN RESET Your password has been reset, please try to sign in with your new credentials CREATE A PASSWORD Please create a password for your account. Passwords must be at least 8 characters long and contain both numbers and letters. Please repeat your password to confirm Continue ACCOUNT ACTIVATED Your account has been activated successfully, you can now access your subscription PLEASE VERIFY YOUR ACCOUNT We have sent you a confirmation email, please click on the activation link within to activate your account Global Growth and Activity Inflation Labour Markets Monetary Policy Neil Shearing Group Chief Economist Neil Shearing Group Chief Economist MORE FROM GLOBAL ECONOMICS GLOBAL ECONOMICS UPDATE PMIS: VIRUS HITS SERVICES; FURTHER SIGNS OF SHORTAGES EASING The Flash PMIs for December suggests that activity is slowing across advanced economies, as new virus waves and the emergence of the Omicron variant have already started to weigh on activity in the services sector. On the other hand, the PMIs also pointed to the first meaningful easing of manufacturing supply shortages in 18 months and suggests that price pressures have begun to weaken. 16 December 2021 GLOBAL ECONOMICS CHART BOOK SHORTAGES TO MAINTAIN UPWARD PRESSURE ON INFLATION Outside China, global inflation jumped from 5.0% to 5.5% in October, its highest level since 2008. And timely data point to a further rise in November. Base effects, fading ‘re-opening’ inflation, and falling commodity prices will drag on headline inflation next year. But persistent product – and, in many cases, labour – shortages will maintain upward pressure on underlying inflation. According to our proprietary indicators, shortages worsened in all G7 economies in October. And supply chains remain vulnerable to disruption related to renewed virus restrictions in the months ahead. Faced with the trade-off between downside risks to activity posed by the virus versus upside risks to inflation, we think that most central banks are likely to press ahead with existing plans to tighten monetary policy. Accordingly, the rebound in investors’ interest rate expectations for the next couple of years seems broadly justified. Note: Central Bank Drop-In – The Fed, ECB and BoE are just some of the key central bank decisions expected in this packed week of meetings. Neil Shearing and a special panel of our chief economists will sift through the outcomes on Thursday, 16th December at 11:00 ET/16:00 GMT and discuss the monetary policy outlook for 2022. 14 December 2021 GLOBAL ECONOMICS UPDATE THERE’S ROOM FOR MORE FISCAL SUPPORT IF NEEDED Concerns about the new Omicron variant raise the question of whether there is scope for policy to be as supportive during a new wave of the virus as it has been so far in the pandemic. Significant policy stimulus would probably only be needed if things got really bad again. If they did, financial markets would probably tolerate a further rise in government spending and borrowing; instead, the constraints would be political ones. 9 December 2021 MORE FROM NEIL SHEARING GLOBAL ECONOMICS UPDATE FIRST THOUGHTS ON OMICRON It goes without saying that it’s still too early to say exactly how big a threat the new Omicron variant poses to the global economy. We’ll have more to say as the picture becomes clearer, but in the first instance there are three points worth making. 26 November 2021 GLOBAL ECONOMICS UPDATE BEST OF THE RECOVERY NOW IN THE REAR-VIEW MIRROR The raft of Q3 data that have been released so far have been the proverbial mixed bag with some countries (g. France) reporting surprisingly strong growth and others (e.g. the US) surprising on the downside. However, the big picture that emerges is that the best of the global recovery is now in the rear-view mirror. Growth is likely to be weaker than most expect over the next year. 3 November 2021 UK ECONOMICS WEEKLY THE BUDGET, THE CYCLE AND THE SIZE OF THE STATE Now that the dust has settled, two key points on the Autumn Budget stand out to us. The first relates to the size of the state. The Chancellor claimed to be on a “moral mission” to limit the size of government, but the numbers tell a different story. The second relates to the OBR's judgement about where the economy is the cycle, with the OBR's forecast suggesting that the best of the recovery is behind us. 29 October 2021 × ↑ Back to top We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information. Continue EMAIL business@capitaleconomics.com PHONE NUMBER +44 (0)20 7823 5000 CAPITAL ECONOMICS LTD 5th Floor, 100 Victoria Street Cardinal Place London SW1E 5JL SERVICES * Publications * CE Interactive * Advisory * Webinars and Events * Bespoke Research * Workshops & Briefings INSIGHTS * The Chief Economist's Note * Capital Calls * In the News * Upcoming events ABOUT US * The Company * Why Capital Economics? * Our Team * Careers * Contact Us Legal| Privacy| © 2021 Capital Economics Ltd Help us improve by sharing your feedback.