In a new investor’s note, JPMorgan Chase forecasts an end to the “global pandemic” in 2022.

“Our view is that 2022 will be the year of a full global recovery, an end of the global pandemic and a return to normal conditions we had prior to the Covid-19 outbreak,” explained JPMorgan chief global market strategist Marko Kolanovic, as recorded by CNN Business. “This is warranted by achieving broad population immunity and with the help of human ingenuity, such as new therapeutics expected to be broadly available in 2022.”

“In 2021, economies around the globe made great progress towards recovery and reopening,” Kolanovic wrote. “However, much remains to be done as the recovery was uneven, incomplete and often interrupted by new virus outbreaks and scares.”