After nearly two full years of COVID-driven chaos, JPMorgan Chase is predicting 2022 will usher in a return to normalcy and a full healing of the economic wounds caused by the health crisis, writes edition.cnn.com.

“Our view is that 2022 will be the year of a full global recovery, an end of the global pandemic and a return to normal conditions we had prior to the COVID-19 outbreak”, - Marko Kolanovic, JPMorgan’s (JPM) chief global markets strategist, wrote in a note to clients on Wednesday. “This is warranted by achieving broad population immunity and with the help of human ingenuity, such as new therapeutics expected to be broadly available in 2022”.

America’s biggest bank expects progress on the health front will spark a “strong” recovery in the economy, marked by a return of global mobility and robust spending by consumers and businesses.