Forecasts for a second year of strong global growth face two main dangers: the health of China’s economy and the prospect of much higher U.S. interest rates.

How the world’s commercial poles navigate these risks will determine whether 2021’s rapid expansion was a blip or whether the recovery will outlive the pandemic.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.