Hello and welcome to the Intelligence from the Economist. I'm your host, Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

Antibiotics were once practically magical. A shot or a pill and bacterial infections were

gone. But they proved almost too easy. Use them too much and they work less and less.

And the costs of that are becoming deadly clear in South Asia.

And by now everyone knows that eating less meat would mean a lot fewer carbon emissions.

As lots of people have gone vegan for January, our data journalists looked at another striking

gain that veganism would bring. Huge tracks of habitable land.

But first, America's economy showed some stunning growth last year. Numbers released

yesterday showed that GDP grew by 5.7% in 2021, the highest since 1984. But that measure

is looking back. 2022 is going to be a very different year. America's central bank is making

louder and louder noises about cooling down that growth, raising interest rates and turning

down the taps of money it's been pouring into the economy. So the view ahead isn't nearly

as clear or as rosy. GDP forecasts are getting hurriedly marked down.

All that is making investors uncertain and you can tell, America's big stock market indices

have been bouncing all over the place each day. But all told, they're on a steep slide

so far this year. And there you have it, the closing bell at the New York Stock Exchange

to end a wild birthday of trading this week. Another wild ride on Wall Street today

is stocks give up some pretty substantial gains from the early session. The Nasak had

been under wild day on Wall Street. Stocks plunged early in the session. Investors seem

to be reacting to the end of mid-pandemic free and cheap money and an economic environment

that is swiftly shifting. It's been a rocky start to 2022 for stock markets,

...