During the second quarter, the global economy remained challenged by record high inflation and global supply chain issues which were exacerbated by the continuing conflict between Russia and Ukraine. As well, COVID-19 lingered and resulted in lockdowns in China, however, investor worries about the virus mostly faded into the background as other threats to the global economy took center stage. Investors also remained uneasy about potential policy missteps by central banks in response to these issues and the impact on global economic growth.
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