PGIM Investments: Lower Growth, Rates, and Inflation Lie Ahead

The COVID-19 recession was steep but brief and has given way to a strong global recovery. Although the fastest pace of the virus-related economic recovery is likely behind us, we still expect solid global growth in 2022. However, we think this pace will be more differentiated across the globe as each region adjusts to unfamiliar obstacles, including lingering inflation and concurrent removal of global monetary policy accommodation.

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