Economics and markets

2022 economy and markets: 4 things to know

December 03, 2021

The illustration shows the cyclically adjusted price/earnings ratio for U.S. stocks trending above its fair-value range by the greatest degree since the years before the dot-com bubble in the late 1990s and early 2000s.
The illustration shows the degree to which various economies are affected by a 1% increase in China’s official GDP as well as in old economy and new economy indexes. The effect is greatest on Brazil, with a 0.42% response in official GDP, a 0.26% response in the old economy index, and a 0.21% response in the new economy index. The response for South Korea is 0.16% in official GDP, 0.09% in the old economy index, and 0.18% in the new economy index. The response is minimal in developed markets, including the euro area, Canada, the United States, and the United Kingdom.
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