JPMorgan Says 2022 Will See Full Global Recovery

JPMorgan Says 2022 Will See Full Global Recovery

LONDON, Dec 8 (Reuters) – US investment bank JP Morgan projected on Wednesday that 2022 will mark the end of the coronavirus pandemic and a full global economic recovery will take place.

The bank’s outlook report for next year says that new vaccines and therapies will lead to a “strong cyclical recovery, a return in global mobility and a release from pent-up consumer demand.”

Marko Kolanovic, its chief global markets strategist and co-director of global research, said the bank expects the S&P 500 index to rise nearly 8% to 5,050 points, emerging market stocks to rise 18% and returns. 10-year Treasury bills – a key driver of global borrowing costs – rise to 2.25% by the end of 2022.

“Our view is that 2022 will be the year of full global recovery, the end of the pandemic and a return to normal economic and market conditions that we had before the COVID-19 outbreak,” Kolanovic said.

(Reporting by Marc Jones; Edited in Spanish by Ricardo Figueroa)

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