While still recovering from a coronavirus-induced recession, the U.S. may be rushing into a new downturn, this time thanks to inflation. Its economy faces no shortage of potential peril in 2022, Bloomberg chief economist Tom Orlik says, with the Federal Reserve looking set to raise interest rates to fight rising prices, and as Congress seems unlikely to pass any more big spending bills. That's one of the takeaways from the Stephanomics global preview of 2022, in which Stephanie and a panel of experts look into their crystal balls for political and economic insights.

On the political front, French President Emmanuel Macron looks poised to win reelection in France next spring, but U.K. Prime Minister Boris Johnson faces a 40% chance of losing power, with "strong upward pressure" on that number, says Mujtaba Rahman of the political risk consultancy Eurasia Group. In the U.S., the fate of President Joe Biden and fellow Democrats may depend on inflation. With midterm elections on the horizon, they could be toast if it lingers too long, Bloomberg White House reporter Nancy Cook says.

Bloomberg Green editor Aaron Rutkoff sees Biden being powerless to improve U.S. emissions if he can't get the climate component of his Build Back Better agenda passed. And Orlik sees a novelty in the U.S.-China relationship, where China will probably go its own way and cut interest rates while the U.S. raises them.

While still recovering from a coronavirus-induced recession, the U.S. may be rushing into a new downturn, this time thanks to inflation. Its economy faces no shortage of potential peril in 2022, Bloomberg chief economist Tom Orlik says, with the Federal Reserve looking set to raise interest rates to fight rising prices, and as Congress seems unlikely to pass any more big spending bills. That's one of the takeaways from the Stephanomics global preview of 2022, in which Stephanie and a panel of experts look into their crystal balls for political and economic insights.On the political front, French President Emmanuel Macron looks poised to win reelection in France next spring, but U.K. Prime Minister Boris Johnson faces a 40% chance of losing power, with "strong upward pressure" on that number, says Mujtaba Rahman of the political risk consultancy Eurasia Group. In the U.S., the fate of President Joe Biden and fellow Democrats may depend on inflation. With midterm elections on the horizon, they could be toast if it lingers too long, Bloomberg White House reporter Nancy Cook says.Bloomberg Green editor Aaron Rutkoff sees Biden being powerless to improve U.S. emissions if he can't get the climate component of his Build Back Better agenda passed. And Orlik sees a novelty in the U.S.-China relationship, where China will probably go its own way and cut interest rates while the U.S. raises them.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

The Stephanomics Global Preview for 2022

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3f743156-c8ca-4234-bd05-ae2b00137823/transcript

Advertisement