To help businesses and investors prepare for the year ahead, EIU has published a comprehensive guide to North America in 2022, outlining the major themes that will shape the economic, political and policy landscapes in the US and Canada over the next 12 months.

EIU expects the US economy will register another year of impressive growth in 2022, following its quick rebound from the coronavirus crisis in 2021. That said, concerns about high inflation will prompt the Federal Reserve (Fed, the central bank) to start raising interest rates by March. 

On the political front, we expect the Republicans to retake the House of Representatives (the lower house) in the November mid-term elections. The race for the Senate (the upper house) is too close to call.

Meanwhile, in Canada, the prime minister, Justin Trudeau, will be a diminished figure after miscalculating his 2021 federal election call. 

In 2022, EIU expects Mr Trudeau will look to cement policies to form his political legacy, including cheaper childcare and lower drug pricing before his thoughts turn to handing over to a new Liberal leader and prime minister.

Download the full report “North America in 2022: key trends and forecasts” to explore all the economic, political and policy trends your business should be watching this year.