The World Economic Forum's Chief Economists Outlook for May 2022 highlights the current economic environment characterized by a perfect storm of policy developments, research, and consultations with leading economists. The report identifies six expectations for the future of the economy, including higher inflation and lower real wages globally, as well as food insecurity in developing economies. The report emphasizes the need for further action by policy-makers and business leaders in response to the compounding shocks from the COVID-19 pandemic and geopolitical events.
