Jim O’Neill, a former chair of Goldman Sachs Asset Management and a former UK Treasury minister, is a member of the Pan-European Commission on Health and Sustainable Development

Last month, I identified what I saw as the big issues of 2022, noting that I could not recall a time when there were so many sources of uncertainty, both known and unknown. The main issue was inflation, and now that we are a few weeks into 2022, financial markets appear to be worrying about the same developments.