A year ago, experts predicted the “Roaring ‘20s,” a decade in which a tamed pandemic would unleash a new era of global growth. But 2021 had other ideas: Supply chains broke down, inflation spiked across the world, and gross domestic product (GDP) growth fell short of forecasts. Then came Omicron, the latest COVID-19 variant forcing a new series of restrictions.
As the year comes to a close, our GeoEconomics Center’s staff and senior fellows called out the numbers behind the headlines that best capture the shape of the global economy in 2021—and what to expect in 2022.
By the numbers: The global economy in 2021 – Atlantic Council