Public

The European Central Bank is behind in hiking interest rates, though more work might arise since spontaneous energy crises can also create unexpected hyperinflation periods during the rest of this decade.

Italy's current credit rating has been set to "negative outlook" by Moody's, and though it may still take a while before it formally becomes a significant change, investors should be quicker to react.

The financial markets are currently experiencing highly dramatic interest rate increases from the US central bank Fed, though without panic thus far, but in the background is a continuously developing global macroeconomic split.

The Covid-19 crisis caused a significant drop in income for many households around the world, but at some point, the journey towards the middle class will revert again - probably in even more countries than before.

Several major economies are moving forward, though the inflation in particular, shows muscles which should generate more central bank rhetoric towards rate hikes.

Last week, nervous investors took an immediate sigh of relief when China Evergrande announced an agreement on one interest payment in the domestic Chinese loan market, but the company's problems will return.

An end to the lockdowns in Western countries was long-awaited by the consumers, and the financial markets have been waiting to see the increased spending turn into rising corporate profits – but consumers are now sending mixed signals…

Some might hope that the world is on its way out of the Covid-19 crisis, though it's still hard to determine, now would be a good time to start the macroeconomic clean-up work, as several tough pills need to be digested before the next crisis.