JP Morgan Expects Pre-Pandemic Recovery in 2022

JP Morgan on Wednesday released its outlook on 2022 will mark the end of the coronavirus pandemic and the world to see a global economic recovery.

The bank said new vaccines and therapeutics will result in “strong cyclical recovery, a return of global mobility and a release of pent-up demand from consumer”.

Marko Kolanovic, chief global market strategists and co-head of global research said, “Our view is that 2022 will be the year of a full global recovery, an end of the pandemic, and a return to normal economic and market conditions we had prior to the COVID-19 outbreak,”.