The global economy has started to slow after reaching near peak growth in the latter part of 2021 on the backs of historical levels of fiscal stimulus and a strong rebound in China. After a strong on the fourth quarter of 2021, economic activity has begun to slow more than expected early in 2022 due to rapidly accelerating inflation emanating from goods shortages due to supply chain bottlenecks, as well as a continued jump in inflation driven in part by surging commodity prices brought on by the Russia-Ukraine war…
TC126387(0422)1