Where’s the global economy heading to?

THE world’s top central bankers, led by Federal Reserve chairman Jerome Powell, have warned that rising demand pressures and supply chain bottlenecks are continuing to hold back recovery of the world economy, and have helped to fuel more elevated price pressures as they have intensified.

It still appears that inflation is running beyond targets even as bottlenecks ease. No doubt, uncertainties still cloud the economic outlook as these factors gather with the more contagious Omicron variant.