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Tags: Financial Markets | Infrastructure | Money | JPMorgan | global economy | post-pandemic economic recovery

JPMorgan Says 2022 to See Full Global Recovery

Jamie Dimon
JP Morgan CEO Jamie Dimon. (AP)

Wednesday, 08 December 2021 08:57 AM

U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a full global economic recovery.

The bank's outlook report for next year said new vaccines and therapeutics would result in a "strong cyclical recovery, a return of global mobility, and a release of pent-up demand from consumers."

S&P to Rise 8%; Emerging Markets, 18%

Marko Kolanovic, its chief global markets strategist and co-head of global research, said the bank expected the U.S. S&P 500 to rise nearly 8% to 5050 points, emerging market stocks to surge 18% and 10-year U.S. Treasury yields - a key driver of global borrowing costs - to rise to 2.25% by the end of 2022.

"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," Kolanovic said.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a full global economic recovery.
JPMorgan, global economy, post-pandemic economic recovery
157
2021-57-08
Wednesday, 08 December 2021 08:57 AM
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