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The economy is booming. 5 reasons that could change in 2022

By Matt Egan, CNN Business - December 31, 2021

 

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David R. Kotok - In the News


New York (CNN Business)The US economy is heading into 2022 with serious momentum. The recovery gained steam in the last few months, capping off what could be the fastest year of GDP growth since 1984, when Ronald Reagan was in the White House.

The hope is this rapid expansion continues in 2022, allowing the country to heal most of the economic wounds caused by the health crisis. The jobs market could return to full employment by the end of 2022. And red-hot inflation is expected to finally cool off, moving towards healthier levels.

And yet, the past two years have shown how unforeseen events can alter forecasts, sometimes dramatically.

For all its recent strength, the economy's recovery faces multiple risks in 2022, starting with the force that continues to dominate daily life: Covid.

Record highs in the stock market suggest investors are betting neither Omicron nor another variant will prove problematic. "I hope they're right," said David Kotok, chief investment officer at Cumberland Advisors. "This is a mutating disease. We've now had two years experience. What makes anyone believe Omicron is the last one?"


Read the full article at CNN: https://www.cnn.com/2021/12/31/economy/economy-covid-inflation-2022/index.html

 


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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

David R. Kotok
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CNN Business