One event stood over all else this year: Russia’s invasion of Ukraine. The conflict ushered in rapid shifts on defense, energy and business.

Meanwhile, the world continued it’s emergence from the pandemic, with one exception: China. Its "zero-COVID" policy added to existing supply chain pressures that the war had already worsened.

A woman stands in front of her empty fridge at her home in Brasilia in September. Rapid inflation across the world has pushed some households to the brink. | REUTERS
A woman stands in front of her empty fridge at her home in Brasilia in September. Rapid inflation across the world has pushed some households to the brink. | REUTERS