Forecasting the world in 2022

The world on the brink of 2022 seems an especially unpredictable, and unsettling, place. For the first time, two FT forecasts this year ask if Russia and China will invade neighbours (we say no, but that may be wishful thinking). Less optimistically, our forecasters warn a more infectious coronavirus variant than Omicron could yet emerge, inflation will not return to US targets, tighter monetary policy will hit equities, and the next global climate conference will still not achieve enough in limiting warming. A bit playfully, perhaps, John Thornhill forecasts shares...