As we look back over 2022 with a Year In Review of facts, events and press releases, we are reminded of many of the year’s most important moments.
It should be noted that, for the first time in 2022, the world population has reached over 8 billion.
Read on for top 2022 year in review moments for you to reflect upon as we near the year 2023.
Highly Acclaimed 2022 Year in Reviews
Here at Newsfile, we would like to give you the latest compilation of reputable 2022 year in review resources at your fingertips.
Therefore, the following list will provide you with additional big moments in 2022. For example, see highlights of the FIFA World Cup, Winter Olympics and more.
Google Year in Search 2022: Watch the Film
Google Year in Search 2022: Explore the Trends list
On This Day: A Comprehensive List of Historical Events in 2022
Getty Images: 2022’s Most Impactful Visuals
New York Times: 22 Things That Happened for the First Time in 2022
AP News: 2022 in Review
The Conversation: Twitter Trends 2022
Do you have more acclaimed 2022 year in review resources? Please share at mstrle@newsfilecorp.com.
2022: A Year In Review
Inflation
COVID-19
Russia Invasion of Ukraine
Cryptocurrency Market Instability
The UK Experiences Big Changes
Supply Chain Disruptions
Elon Musk Buys Twitter
Climate Change
Hybrid Work Model is Here to Stay
Inflation
Global inflation rates continued the upward surge that started in mid 2021. In fact, inflation rates in 2022 were higher than any seen for decades.
In October 2022, The Organisation for Economic Co-operation and Development (OECD) reported that inflation rose to 10.7% as food prices continue to accelerate in most countries.
In addition, much of Europe saw inflation rates climb substantially from January 2022 to October 2022. In effect, this happened as food and energy prices soared.
Importantly, big central banks around the world raised interest rates in 2022.
For example, the Bank of Canada increased its target overnight rate seven times in 2022 from 0.25% to 4.25%. Similarly, the U.S. raised the Federal Reserve interest rate seven times in 2022 from 0.25% to 4.5%.
But, the European Central Bank did not move until July. Actually, this was its first raise in 11 years.
COVID-19
Globally, the world continued to roll out COVID-19 vaccines in 2022.
Furthermore, The World Health Organization (WHO) estimated that by March 2022, approximately 90% of the world’s population had antibodies against the COVID-19 virus, through either vaccination or infection.
Importantly, the COVID-19 virus variant Omicron was first identified on November 26, 2021. Subsequently, in 2022 the variant spread significantly.
WHO says that Omicron is more transmissible than its predecessor Delta.
In addition to this, throughout 2022 countries lifted COVID-19 travel restrictions. For example, on October 1, 2022, the Government of Canada lifted COVID-19 travel restrictions.
In summary, as of December 2022, KAYAK is reporting that 197 countries are open for travel with no COVID-19 testing or quarantine required.
Russia Invasion of Ukraine
On February 24, 2022, Russia invaded Ukraine in the largest armed conflict in Europe since World War II.
Subsequently, over the course of the year, Ukraine has persistently fought back and is currently trying to gain hold of eastern and southern Ukraine. In fact, in November Ukraine importantly gained control of Kherson in southern Ukraine.
Nonetheless, Russia still controls the territory it seized in 2014 along with Crimea. But, on May 18, 2022, Sweden and Finland simultaneously applied to join NATO, alarmed by Russia’s military threat.
In summary, as of November 2022, 15.9 million people have been displaced (8 million within Ukraine by late May) and over 7.8 million refugees from Ukraine were recorded across Europe.
As well as this, over 1,000 companies have reduced operations in the country.
For example, companies like Canada Goose, Shell, Amazon, Apple and Uniqlo have suspended operations. Also, McDonald’s iconic golden arches will leave Russia after 30 years.
Cryptocurrency Market Instability
FTX, one of the largest crypto and fastest-growing crypto exchanges in the world, declared bankruptcy on November 11, 2022.
In addition, two of the biggest players in the crypto market – Bitcoin and Ethereum – are down more than 70% from their highs in late 2021. Recovery is happening but prices remain depressed.
Currently, the U.S. and governments around the world are looking into regulating the crypto market.
The UK Experiences Big Changes
Queen Elizabeth II passed away at the age of 96 years old on September 8, 2022. Indeed, she was the longest-reigning British monarch for 70 years and passed away at Balmoral Castle in Scotland.
She is succeeded by her eldest son, Charles III.
Additionally, political turmoil was also at the forefront in the U.K. Namely, on Oct. 25, 2022, Rishi Sunak settled in as the third prime minister in less than two months.
Supply Chain Disruptions
Supply chain disruptions continued in 2022 as global supply chains faced several challenges.
Businesses are still experiencing worsened supply chain challenges, despite improvement from last quarter
Statistics Canada, September 1, 2022
Higher freight costs, capacity constraints, labor shortages and port slowdowns are some of the major supply chain disruptions that companies are facing in 2022.
In addition to this, Apple continued its supply chain diversification strategy.
Elon Musk Buys Twitter
Business magnate and Tesla co-founder and CEO Elon Musk made headlines in April 2022 when he pledged to buy Twitter.
Then over the course of the year, Musk announced that he did not want to buy Twitter. Eventually, Musk did an about-turn and acquired the social media giant in late October.
Subsequently, Musk fired top executives and laid off roughly half of its 7,500 workforce.
Most recently, Musk unveiled the controversial new version of its subscription service Twitter Blue.
Climate Change
In a bid to thwart climate change and reduce recent weather disasters, people around the globe are interested in climate change.
In 2022, the U.S. introduced the historic Inflation Reduction Act designed to lower energy costs, build a clean energy economy and reduce harmful pollutants.
The federal government is pledging billions of dollars in its efforts.
In addition to this, the United Nations Framework Convention on Climate Change (COP27) shone a spotlight on climate action around the world.
Hybrid Work Model is Here to Stay
A recent gallup poll of 140,000 U.S. employees says that hybrid work is the future for most offices. Furthermore, 59% of remote-capable employees say that their preferred location is a hybrid arrangement.
Some well known companies like Apple and Microsoft are embracing hybrid work models.
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