Why nerves are on edge
Q WHAT DOES THE SPECTRE OF HIGHER GLOBAL INFLATION AND INTEREST RATES MEAN FOR SHARE PORTFOLIOS?
From an economic perspective, 2021 was always going to be unusual after the turmoil of 2020. Globally, economic growth was strong as it recovered from the challenges that Covid wrought in 2020. Australia was an exception, as the Delta variant and the associated lockdowns in NSW and Victoria saw economic growth go significantly backward in the September quarter before a likely recovery into the end of the year.
The most notable global development in 2021 – and what looms as the most significant policy challenge in 2022 – is the persistence in inflation.
Even as key
