Turbulent times: What’s in store for the world economy this winter

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Welcome to the topsy-turvy world of economics in 2022: Dan O’Brien on what might be in store for the world this winter.

Labour shortages abound, but real incomes are contracting. Business confidence is down, while companies’ capital investment is holding up.

Central bankers are hitting the interest rate brake, despite feverish talk of global recession. Governments are hitting the fiscal accelerator, despite the risks of fuelling already high inflation.Ireland, Europe and much of the world are not just experiencing a great deal of turbulence, they face a ...

 

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