JP Morgan Expects Pre-Pandemic Recovery in 2022

In JP Morgan's outlook for 2022, the bank remarked the world to see strong cyclical 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,”.

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