elerian143_Nicolas EconomouNurPhoto via Getty Images_covidlockdown Nicolas Economou/NurPhoto via Getty Images

The Winter of Our Discomfort

From the pandemic and geopolitical tensions to broader macroeconomic developments, new obstacles to "normality" seem to be cropping up everywhere. As the uncertainties continue to mount, the risk of misjudgments and policy errors at all levels of society will grow.

CAMBRIDGE – The start of 2022 has been marked by a deepening sense of unease, and not just within governments as they confront challenges relating to health, the economy, geopolitics, and, in some cases, national and financial security. Households and a wide range of companies are feeling it, too. All have been pushed out of, or kept away from, “normality” much longer than expected.