by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF

(This is the last WGR of 2021; the next report will be published on January 18, 2022.  Starting in 2022, we will shift to a bi-weekly publication schedule and will add a new Geopolitical Podcast with each report.)

As is our custom, in mid-December, we publish our geopolitical outlook for the upcoming year.  This report is less a series of predictions as it is a list of potential geopolitical issues that we believe will dominate the international landscape for 2022.  It is not designed to be exhaustive; instead, it focuses on the “big picture” conditions that we believe will affect policy and markets going forward.  They are listed in order of importance.

Issue #1: China

Issue #2: Russia

Issue #3: Germany

Issue #4: The Crisis in Ethiopia

Issue #5: Rising Food Prices

Issue #6: The Energy Transition

Issue #7:  The Failure of the Iran Nuclear Negotiations

Odds and Ends: This section is for concerns that may affect the world in 2022 but didn’t rise to the level of an issue on our list.

Read the full report