May - June, 2022

Written By Matto Petrini
 

Key Highlights

  • More challenging geopolitical and macroeconomic environment.

  • The link between Russia - Ukraine conflict, Chinese zero COVID-19 policy and Central Banks’ actions, will determine economic growth and inflation in the next quarters.

  • A hawkish FED is ready to deliver multiple rate hikes over the course of this year, while the European Central Bank is expected to be more patient, particularly in the event of a more severe disruption to European oil and gas supplies from Russia.

  • Our base scenario sees the global economy to expand in 2022 avoiding recession and stagflation, inflation will also fall gradually over the course of the year.

Matto Petrini
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