We have lowered Sweden's growth for this year to 3.1% from 3.6% previously due to the fallout from Russia's invasion of Ukraine. The main channel...
United Kingdom | The supply shock continues
Posted by Andrew Goodwin on Mar 11, 2022
The last week has delivered little let-up in the energy price-driven supply shock to the UK economy triggered by Russia's invasion of Ukraine....
United Kingdom | While March rate hike remains on table, tone to be cautious
Posted by Andrew Goodwin on Mar 10, 2022
Surging energy prices have complicated the MPC's March policy decision. On balance, we still think the committee will raise Bank Rate to 0.75%, but a...
United Kingdom | Rising uncertainty set to limit scale of rate hikes
Posted by Andrew Goodwin on Mar 4, 2022
The week’s data showed further evidence of a decent bounce back in activity after the initial emergence of Omicron, and that inflationary pressures...
US | As Omicron fades, Recovery Tracker gains
Posted by Oren Klachkin on Mar 4, 2022
The US Recovery Tracker rose 1.3ppts to 98.4 in the week ended February 18, its highest level in two months as the spread of the Omicron variant...
Eurozone | A change of fortune across EU industries looms
Posted by Daniel Kral on Mar 1, 2022
Industrial performance across Europe has varied widely in the wake of the pandemic. The main laggards, Germany and France, have shaped the overall...
Sweden | 2022 GDP growth forecast raised, but high inflation is a key downside risk
Posted by Daniel Kral on Feb 24, 2022
We have raised our full year 2022 GDP growth forecast to 3.6% from 3.3% previously, due to the especially strong flash estimate for Q4 2021. The...
Australia | Population outlook boosted by quicker border reopening
Posted by Timothy Hibbert on Feb 21, 2022
Alongside the return of temporary migrants, the Australian border will be open to all traveller categories, most importantly tourists, from 21...
US | Recovery Tracker regains footing as Omicron fades
Posted by Oren Klachkin on Feb 18, 2022
The US Recovery Tracker rose 1.4ppts to 96.3 in the week ended February 4, recouping almost all of its losses since Omicron first began to weigh on...
Denmark | High inflation becomes main downside risk to our 2022 outlook
Posted by Rory Fennessy on Feb 18, 2022
GDP surprised to the upside in Q4 2021 with 1.1% q/q growth, according to the flash estimate. The positive carryover effect has raised our 2022 GDP...