It’s been another tumultuous year filled with twists and turns. COVID-19 remains a dominant focus and key uncertainty for the economy, with new variants and new systems to navigate in 2022.

As we come to the end of another long year, and look forward to a relaxing summer break, we’re still keeping a close eye on developments around the world to deliver up-to-date assessments of the economy.

As is our Christmas tradition, we like to end the year on a lighter note. Chief Forecaster Gareth Kiernan has adapted Andy William's classic Christmas song "It's the most wonderful time of the year” to provide a recap of the year that was.

We wish you all a well-deserved end of year holiday and a very Merry Christmas!