Outlook 2022

If you are looking to dive deeper and find more insights, download JP Morgan's full Outlook 2022.

A turbulent recovery from the pandemic.

Most markets have delivered stellar returns in 2021 as the global economy continues to heal from the coronavirus pandemic. Yet in recent months, investors have focused on potential risks both to economic growth and market returns. Inflation is complicating central bank policy, supply shortages are hitting economic output, and COVID-19 remains a concern for consumers, businesses and investors.

But over a longer horizon, we see the foundation for a far more vibrant economic environment in the developed world than the sluggish growth and weak productivity that characterized much of the 2010s. This could have important consequences for investors, especially those who are still positioned for a reprise of the previous cycle.