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Updated 2022 Global Market Outlook. As central banks accelerate monetary policy normalization, the risk of a policy mistake is rising, as are potential recession risks.


Global Market Outlook

December 6, 2021

Continuing the Climb

While the world maintains its focus on the battle against Covid-19, there are reasons for optimism in the months ahead. But as we continue the climb past peak growth and peak policy accommodation, many risks to the outlook remain.


Quick Take


Global Chief Investment Officer, Lori Heinel, CFA discusses the three themes investors should keep an eye on in 2022.

Video (01:43)


Meet the Authors



Lori Heinel, CFA

Global Chief Investment Officer


Gaurav Mallik

Chief Investment Strategist


Simona M Mocuta

Chief Economist


About the Outlook


As investment challenges grow more complex, State Street’s Global Market Outlook was created to alert investors to portfolio risks and opportunities in the coming year, based on the research of our investment teams. Research on near-term and longer-term market issues is at the heart of who we are as investors. It drives the kinds of outcome oriented portfolios we create for clients, drawing on the full range of our indexed and active solutions, as well as our asset allocation expertise.