On the Bumpy Road to Recovery in 2022
Join Mark Zandi, Chief Economist, Cris deRitis, Deputy Chief Economist and Ryan Sweet, Senior Director as they discuss the year ahead and answer the questions that are most important to you.
With the Omicron wave upon us, it would be Pollyannaish to get overly enthused about the economy’s prospects in the new year. But if the economy’s performance last year is a guide, we should not be too pessimistic either. Despite being hit hard by the Delta wave of the virus, the economy grew like gangbusters in 2021. It will not grow as strongly in 2022, but inflation, which took off in recent months, will come back to earth. Having said this, how good a year the economy will have depends on the pandemic’s path and how well policymakers respond.
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SpeakersMark Zandi Chief Economist Moody's Analytics
Cris deRitis Deputy Chief Economist Moody's Analytics
Ryan Sweet Senior Director-Research Moody's Analytics
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Mark M. Zandi is chief economist of Moody’s Analytics, where he directs economic research. Moody’s Analytics, a subsidiary of Moody’s Corp., is a leading provider of economic research, data and analytical tools. Dr. Zandi is a co founder of the company Economy.com, which Moody’s purchased in 2005.
Dr. Zandi’s broad research interests encompass macroeconomics, financial market sand public policy. His recent research has focused on mortgage finance reform and the determinants of mortgage foreclosure and personal bankruptcy. He has analyzed the economic impact of various tax and government spending policies and assessed the appropriate monetary policy response to bubbles in asset markets.
A trusted adviser to policymakers and an influential source of economic analysis for businesses, journalists and the public, Dr. Zandi frequently testifies before Congress on topics including the economic outlook, the nation’s daunting fiscal challenges, the merits of fiscal stimulus, financial regulatory reform, and foreclosure mitigation.
Dr. Zandi conducts regular briefings on the economy for corporate boards, trade associations and policymakers at all levels. He is on the board of directors of MGIC, the nation’s largest private mortgage insurance company, and The Reinvestment Fund, a large CDFI that makes investments in disadvantaged neighborhoods. He is often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs.
Dr. Zandi is the author of Paying the Price: Ending the Great Recession and Beginning a New American Century, which provides an assessment of the monetary and fiscal policy response to the Great Recession. His other book, Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis, is described by the New York Times as the “clearest guide” to the financial crisis.
Dr. Zandi earned his B.S. from the Wharton School at the University of Pennsylvania and his PhD at the University of Pennsylvania. He lives with his wife and three children in the suburbs of Philadelphia.
Cristian deRitis, Deputy Chief Economist at Moody’s Analytics, specializes in assessing the economy’s impact on household finance, housing, credit markets and public policy. Named on two U.S. patents for credit modeling, he created loss forecasting and stress testing systems for financial institutions. He joined Moody’s in 2008, after serving as a director with Fannie Mae. He also was an adjunct professor of economics at Johns Hopkins University.
Ryan Sweet is a director of real-time economics at Moody's Analytics.He is also editor-in-chief of Economic View, to which he regularly contributes,and a member of the U.S. macroeconomics team in West Chester PA. His areas of specialization include U.S. monetary policy and forecasting high-frequency economic indicators. He is among the most accurate high-frequency forecasters of the U.S. economy, according to Market Watch. He is also an adjunct professor in the Economics and Finance Department at West Chester University of Pennsylvania. He received his master's degree in economics from the University of Delaware and his bachelor's degree in economics from Washington College.