Why inflation and unemployment are rising in the US and what will happen next

At the end of the year, an alarming macroeconomic situation emerged in the United States: inflation is hitting multi-year records, and a labor shortage has formed in the labor market. According to some forecasts, in 2022 the situation may worsen. Stock markets have already reacted to the general nervousness, but more shocks are ahead.

In mid-December, Chief Economist and Chief Investment Officer of Saxo Bank Steen Jacobsen released shocking forecasts for 2022. Among other things, he predicted a constitutional crisis and inflation of 15% in the United States.

Shocking forecasts are a traditional pre-New Year format for the Danish Saxo Bank, but sometimes they come true. As a result, for a week now, economic experts around the world have been discussing how real the described unpleasant future is.