With arguably the worst of the pandemic in the rearview mirror, consumers and businesses have moved on to new economic crises—lingering supply-chain shortages, rapid inflation and rising interest rates. We present the midyear review of the Å·ÃÀ¿Ú±¬ÊÓƵ economy, evaluating the observed data halfway through 2022 and updating our expectations for the remainder of the year.