The year 2022 has been a difficult one for many, full of economic events and shocks that have not gone without leaving their mark. However, in this last edition of the Economic Brief in 2022, instead of recapitulating these main events, we will focus on three areas that have not necessarily been the centre of attention in the news: the state of globalisation today, how profits differ between the US and Europe and what the financial cycle holds next for us.