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The Independent UK
The Independent UK
National
Paul Wiseman and Anne d'Innocenzio

High inflation and efforts to tame it defined 2022 economy

Inflation Economy Vladimir Putin Mark Zandi Logan
Copyright 2022 The Associated Press. All rights reserved.

For the economy, 2022 was a throwback year. And not in a good way.

At times, it felt like the 1970s or early '80s. Inflation running rampant. The United States and its European allies engaged in a not-so-Cold War with Russia. A bleak outlook leaving people feeling sour and anxious.

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