The global economy is poised for another year of abovetrend growth in 2022, albeit at a slower pace than 2021. At this time last year, the Organization for Economic Co-operation and Development (OECD) forecast global economic growth of 4.2% in 2021, following an expected decline of 4.2% in 2020. In the end, global growth contracted by a more modest 3.4% in 2020 and, after the smaller than expected recession, the OECD upgraded their global growth forecast for 2021 to 5.6%.
