Chapter 1: Macroeconomic Conditions and Outlook

Torben M. Andersen, Giuseppe Bertola, Clemens Fuest, Cecilia Garcia-Penalosa, Harold James and Jan-Egbert Sturm

EEAG Report on the European Economy, 2022, 9-29

Abstract: As in previous years’ reports, Chapter 1 provides an in-depth analysis of the economic situation of the European Union and the world, as well as forecasts. Despite increasing immunization of the population, the more infectious new Omicron variant has triggered a new wave in large parts of the world. The associated uncertainty, consumer reticence, labor shortages, and existing problems in international supply chains will determine the development of the global economy this year and imply that economic activity will be noticeably subdued this winter.

Date: 2022
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Related works:
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2021)
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2020)
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2019)
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2018)
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2017)
Journal Article: Chapter 1: Macroeconomic Conditions and Outlook (2016)
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