Let’s talk about the Aussie economy and Hallelujah, it’s showing signs of improvement.

The Omicron wave that has seen global coronavirus cases surge to record levels, is now showing signs of slowing.

So far it’s holding up relatively well but it’s early days.

Global share markets remained under pressure over the past week from concerns about rising US inflation and faster US interest rate hikes.

It’s still early days in the Omicron wave but those vaccinated are looking protected. And let’s track economic activity.

Omicron may only result in mild cases and let’s get back to where we started from.

What’s going on with Omicron and the economy as it stands?

Omicron causes uncertainty but supply bottlenecks show signs of easing.

Global coronavirus cases are continuing to rise globally, but it's worth noting that deaths are far more subdued at this point.

Global share markets fell sharply last week first with inflation and interest rate concerns and rising new Delta cases in Europe, and then news of a new worrying coronavirus variant rattling investors.

What’s currently happening in the economy both here and abroad?

Here’s my take on what is ahead of us in 2022.