JPMorgan says 2022 to see full global recovery

2022 will be the year of a full global recovery, an end of the pandemic

  
People walk inside JP Morgan headquarters in New York, October 25, 2013. REUTERS/Eduardo Munoz

People walk inside JP Morgan headquarters in New York, October 25, 2013. REUTERS/Eduardo Munoz

Reuters/Eduardo Munoz

LONDON- U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a full global economic recovery.

The bank's outlook report for next year said new vaccines and therapeutics would result in a "strong cyclical recovery, a return of global mobility, and a release of pent-up demand from consumers."

Marko Kolanovic, its Chief Global Markets Strategist & Co-Head of Global Research, said the bank expected the U.S. S&P 500 .SPX to rise nearly 8% to 5050 points, emerging market stocks to surge 18% and 10-year U.S. Treasury yields US10YT=RR - a key driver of global borrowing costs - to rise to 2.25% by the end of 2022.

"Our view is that 2022 will be the year of a full global recovery, an end of the pandemic, and a return to normal economic and market conditions we had prior to the COVID-19 outbreak," Kolanovic said.

(Reporting by Marc Jones; Editing by Saikat Chatterjee) ((marc.jones@thomsonreuters.com; +44 (0)20 7513 4042; Reuters Messaging: marc.jones.thomsonreuters.com@reuters.net Twitter @marcjonesrtrs))


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