Economist 2022, the famous magazine of international news and economics from a global framework has released an edition that predicts what will come next year. Let’s take a look at the 2022 predictions.
While the cover of The Economist includes many predictions – or agenda marking – the top ten topics for 2022 covered on its pages are as follows:
- Democracy against autocracy. The US midterm elections and the congress of the Communist Party of China will vividly contrast their rival political systems. Which is better to offer stability, growth and innovation? This rivalry will play out in everything from commerce to technology regulation, from vaccines to space stations. As President Joe Biden tries to unite the free world under the banner of democracy, his dysfunctional and divided country is a bad advertisement on its merits.
- Pandemic to endemic. New antiviral pills, improved antibody treatments, and more vaccines are coming. For vaccinated people in the developed world, the virus will no longer be a threat to life. But it will still pose a deadly danger in the developing world. Unless vaccines can be scaled up, Covid-19 will have become one of many endemic diseases that afflict the poor but not the rich.
- Inflation concerns. Supply chain disruptions and an increase in energy demand have pushed prices up. Central bankers say it is temporary, but not everyone believes them. Britain is at particular risk of stagflation, due to post-Brexit labor shortages and its reliance on expensive natural gas.
- The future of work. There is broad consensus that the future is “hybrid” and that more people will spend more days working from home. But there is plenty of room for disagreement on the details. How many days and which ones? And will it be fair? Surveys show that women have less desire to go back to the office, so they may run the risk of being overlooked for promotions. Debates also loom over tax rules and remote worker tracking.
- The new techlash . Regulators in the United States and Europe have been trying to control the tech giants for years, but they have yet to make a dent in their growth or earnings. Now China has taken the lead, attacking its tech companies in a brutal crackdown. President Xi Jinping wants them to focus on “deep technology” that provides a geostrategic advantage, not on frivolities like games and shopping. But will this boost Chinese innovation or stifle the dynamism of the industry?
- The crypto grows. Like all disruptive technologies, cryptocurrencies are becoming domesticated as regulators tighten the rules. Central banks are also looking to launch their own centralized digital currencies. The result is a three-way fight for the future of finance, among the crowd of crypto-blockchain-DeFi, more traditional tech companies and central banks, which will intensify in 2022.
- Climate crisis. As wildfires, heat waves and floods increase in frequency, a surprising lack of urgency prevails among lawmakers when it comes to tackling climate change. Furthermore, decarbonization requires the West and China to cooperate, just as their geopolitical rivalry deepens. Pay attention to a solar engineering experiment that Harvard researchers will carry out in 2022, releasing dust from a balloon at high altitude – a technique that, at this rate, may be necessary to buy the world more time to decarbonize. .
- Travel problems Activity is picking up as economies reopen. But countries that followed a zero covid “suppression” strategy, such as Australia and New Zealand, face the difficult task of managing the transition to a world where the virus is endemic. Meanwhile, nearly half of business trips are gone for good. That’s good for the planet, but bad for tourists whose travel is subsidized by money-spending business travelers.
- Space races. 2022 will be the first year in which more people go to space as paying passengers than government employees, transported by rival space tourism firms. China will finish its new space station. Filmmakers are competing to make movies in microgravity. And NASA will crash a space probe into an asteroid , in a real-life mission that sounds like a Hollywood movie.
- Political balls. The Winter Olympics in Beijing and the Soccer World Cup in Qatar will be reminders of how sport can unite the world, but also how big sporting events often end up as political balls. Protests targeting both host countries are expected, although boycotts by national teams seem unlikely.
Do you agree with the predictions made by the Economist 2022 for the coming year?
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