The third corona year 2022 will not start very brightly as the Omicron variant of COVID-19 continues to spread. However, we are cautiously optimistic about economic development throughout 2022. In Finland, growth will continue, albeit at a slower pace than this year. The most difficult phase of the pandemic is in the early part of the year, but towards the summer, consumption of services will pick up again, and the outlook for the rest of the year is clearly brighter. At the same time, the pressure to pursue a sustainable, growth-friendly and counter-cyclical economic policy in Finland is growing. Globally, the big theme of 2022 economic policy is the return of inflation, which stems from a recovery in demand, large stimulus packages, and a European Green Deal.