JP Morgan expected that next year (2022) will witness the end of the Corona virus pandemic and the recovery will return to the global economy again, which predicts a full recovery.
The World Bank said in a report published by Al-Eqtisadiah newspaper, that its expectations for the recovery of the global economy are due to the increasing number of vaccines and new treatments for the virus; Which reduces the severity of economic pressures with the return of travel around the world and the increase in consumer demand again.
The Bank's report also expected a return to global stock market gains next year and make great leaps with the acceleration of global economic activity.
Marko Kolanovic, chief global markets analyst at JPMorgan, said the bank expects the benchmark (Standard & Poor's 500) index of US stocks to rise about 8% to 5050 points, with stock markets in emerging economies jumping 18% and US 10-year Treasury yields, a major driver of global borrowing costs, rising to 2.25% by the end of 2022.
He added, "In our opinion, 2022 will be a year of global recovery, the end of the pandemic, and a return to normal economic and market conditions that we had before the outbreak of Covid-19."
