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Public-sector fund managers currently navigate a very uncertain investment environment: the Omicron wave of COVID-19, high inflation, significant central bank intervention in the markets and the start of a profound energy transition.

In examining future inflation trends, IMCO has looked at U.S. and Canadian economic indicators and presents in this paper our assessment of where we think inflation is headed in both economics

The public health response to COVID-19 and governments’ unprecedented fiscal and monetary policy intervention have resulted in an extremely complex investment environment.

Even before the disruption created by COVID-19, the world economy was stuck in a low gear and was likely to remain there for the foreseeable future. Both advanced and emerging economies were already under considerable strain due to high debt, worsening demographic trends, and lower productivity growth.