In short, reduction in the monetary stimuli applied by central banks. This consists of gradually reducing the volume of debt purchases or increasing interest rates. All this, related to the above: reduce inflation in the medium and long term. Something that the united states federal reserve (fed) has already launched with a reduction in debt purchases, anticipating three increases in interest rates throughout 2022. While the european central bank, for its part, has been one of the most reluctant to scale back stimulus plans.
The pandemic, a focus of risk for markets and economies without a doubt, the evolution of the pandemic is a key aspect to guess what the behavior of the e commerce photo editing markets may be in the next 12 months. According to jean luc hivert, global investment president of la française am, one of the biggest risks is that a less positive health situation occurs. Countries that have adopted 'covid zero' measures are increasingly being forced to shut down their economies. Recovery of tourism and consumption one of the sectors that has been most affected by the pandemic, which, in the case of the spanish economy, occupied 15% of gdp in the pre-pandemic period and in 2020 it was less than 5% .
During this 2022, tourism and hospitality will try to recover the previous rhythm, although the sector itself rules out having pre-pandemic levels until, at least, 2023. European funds the deployment of the funds and the choice of truly transformative projects will have an impact on the economic advance of this 2022. At the end of last year, spain received the first disbursement of 10 billion euros from european funds, becoming one of the first countries to materialize european aid. In the 2022 budgets, the government included an item of more than 24,000 million european funds and before