ALL: Economic Outlook Interview

Global growth is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022, largely reflecting forecast markdowns in the two largest economies. A revised assumption removing the Build Back Better fiscal policy package from the baseline, earlier withdrawal of monetary accommodation, and continued supply shortages produced a downward 1.2 percentage-points revision for the United States. What does all of this mean for the marketplace?