The American economy is healthy again and appears to be on a path towards solid growth in 2022, which should be encouraging news for U.S. financial markets.

Yet investors can be forgiven for feeling extremely uncertain about the year ahead, according to U.S. economist Darrell Spence.

“We’re far enough along with the pandemic that the economy is not in distress,” Spence says, “but COVID and the response to it created a number of distortions — in global supply chains, labour markets, sectors and even politics.”

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