Asia is getting hit hard by omicron, particularly areas which have only taken a minor hit until now like China and South Korea. It's disrupting the supply of electronics (particularly since China is still wedded to a COVID zero policy). Shortages in these areas are likely to be prolonged for another 6-18 months. Coupled with the slow moving tsunami coming into the global economy from the war and Russia sanctions, the next 12 months especially will be very bumpy (people I respect seem to be estimating from more of the same to some really scarey economic stuff).