2022 has seen the continued impact of an inflation surge as a result of the ongoing COVID-19 pandemic. The global rollout of COVID-19 vaccines, which began at the end of 2020, has continued, and the year has seen the lifting of COVID-19 restrictions and the reopening of international borders. The global economy has increased its recovery from the pandemic, though it has experienced an an ongoing inflation surge; in response, many countries’ central banks have raised their interest rates to landmark levels.
The Russian invasion of Ukraine, the largest armed conflict in Europe since World War II, has caused the displacement of
15.7 million Ukrainians (8 million internally displaced persons and 7.7 million refugees), and led to international condemnations and sanctions and nuclear threats, the withdrawal of hundreds of companies from Russia, and the exclusion of Russia from major sporting events such as the World Cup. Argentina taking home the trophy this year and cementing their superstar Messi as the GOAT of football to the newly increased world population of 8 billion.
While this year has been an improvement from the previous, we are still looking ahead to the new year. A fresh start, a bright outlook and a gleam of hope is what we need to jump into 2023. The country is moving again and despite the best efforts of the interest rates, business is back.
So, whatever your New Year’s Resolution might be this upcoming year, make sure you include your local businesses in your plans. Make sure you support those friends and neighbors who are trying to prevail through the chaos and we will all see a better year.