As customary the Annual Economic and Social Review(2021) that contains the most updated vital statistics and data on economic performance has been released and, in our opinion, makes for good reading and paints generally, a favorable economic landscape, regarding the year 2021 and prospects for 2022.

Of course, this year's Review is littered with the “caveat phrases” and “downside risks” associated with, “the emergence of more transmissible variants (Delta and Omicron) of the COVID-19 virus and persistent supply chain bottlenecks (caused by factory and port shutdowns, weather-induced logistical obstacles, shortages of semi-conductors and shipping containers).