Global economy to grow by about 4% in 2022, says thinktank

Centre for Economics and Business Research forecasts reasonably strong rise in face of inflation, Omicron and supply chain crisis

The year ahead will be dominated by efforts to fight inflation along with climate change, while global economic growth will be reasonably strong and stock markets weak, according to an economic forecaster.

The world starts the year with economies held back by a supply chain crisis and the rapid spread of the Omicron coronavirus variant, but the global economy is still expected to grow by about 4% in 2022, compared with an estimated 5.1% in 2021, according to the Centre for Economics and Business Research (CEBR), a UK thinktank.