{"id":19480,"date":"2021-12-29T00:27:11","date_gmt":"2021-12-29T00:27:11","guid":{"rendered":"https:\/\/www.scionstaffing.com\/?p=19480"},"modified":"2021-12-29T00:27:11","modified_gmt":"2021-12-29T00:27:11","slug":"what-does-the-u-s-economy-look-like-for-2022","status":"publish","type":"post","link":"https:\/\/scionstaffing.com\/what-does-the-u-s-economy-look-like-for-2022\/","title":{"rendered":"What does the U.S. economy look like for 2022?"},"content":{"rendered":"

As our nation continues to recover from the global economic stress that was the COVID-19 pandemic, the outlook for the economy in 2022 is still a bit of an unknown. With the development of the latest strain of the virus, however, the United States may be facing another roadblock on the path to recovery. The coronavirus has already caused a significant drop in consumer spending and business investment, both of which are critical components of GDP growth. In addition, the Federal Reserve\u2019s recent interest rate cuts have helped support the economy by lowering borrowing costs for consumers and businesses. But with the potential for future outbreaks of the coronavirus, it seems unlikely that we will see a return to pre-pandemic levels of activity anytime soon.<\/p>\n

What does this mean for the economic outlook in the U.S. for the next year? It’s not exactly clear at this point. While the country potentially braces for another wave of coronavirus from the delta and omicron variants, there was some good that came in Q4 of 2021 as the American economy experienced strong growth. This small growth is a good sign for the hope of a bounce back for Americans, but there is still quite a bit of unknown<\/a> going into the new year due to the Omicron variant. The forecast for the U.S. economy in 2022 is a mixed bag right now and the question still remains: what will the U.S. economy look like in 2022?<\/p>\n

Prices should decrease at some point in 2022<\/h2>\n

One of the biggest economic stories of 2021 was the supply chain issues<\/a> that hurt both retailers and consumers. These supply chain and trade issues caused retail prices, as well as domestic shipping costs and timelines to rise in the United States, as well as across the globe. The issues were brought on by a growing demand for foreign-made goods, a shortage of labor, congestion in ports, low inventory levels and a lack of containers.<\/p>\n

Some of the largest price hikes for consumers were seen in the grocery stores. Here are some notable price increases<\/a> consumers saw in the stores over the last year:<\/p>\n