LE FIGARO.
- As Omicron continues to spread across the world, what will be the impact on the growth of the global economy this year?
Jan Hatzius.
-
I am reasonably optimistic.
The impact of the pandemic will be lower this year than last year.
The services sector still remains depressed, while spending on goods, especially in the United States, is still very high.
This is a key factor that fuels inflation.
All of this will take time to sort out.
But the imbalances will diminish over time.
2022 will be another year of strong growth, certainly not as much as 2021, but, with around 4.3% growth in global GDP, most countries will remain above their normal trends, with the notable exception of China .
Read also
In 2022, global growth still subject to the virus
Are you worried that China's slowdown is holding back global growth?
Mathematically, this will weigh: we will go from 8% growth last year in China to 4.5%, according to our forecasts...
This article is for subscribers only.
You have 79% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
I ENJOY IT
Already subscribed?
Login