The US investment bank JPMorgan predicted on Wednesday (8) that 2022 will be the year that will mark the end of the coronavirus pandemic and will see a complete global economic recovery.
The bank’s outlook report for next year says the new vaccines and therapies will result in a “strong cyclical recovery, a return to global mobility and a release of pent-up consumer demand.”
Marko Kolanovic, chief global market strategist and one of JP Morgan’s global research leaders, said the bank expects the US S&P 500 index to rise by nearly 8% to 5,050 points, an 18% jump in market shares emerging markets and ten-year Treasury yields – an important parameter of global borrowing costs – up to 2.25% by the end of 2022.
“Our vision is that 2022 will be the year of a full global recovery, an end to the pandemic and a return to the normal economic and market conditions we had before the Covid-19 outbreak,” said Kolanovic.
Reference: CNN Brasil
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