The National Bank of Poland (NBP) hiked its policy rate by 75bps at yesterday's meeting, bringing it to 3.5%. Although a continuation of monetary...
Global | A darker economic scenario from Russia’s war
Posted by Innes McFee on Mar 2, 2022
We have modelled a plausible downside scenario in which the fighting in Ukraine lasts well into 2023, the west imposes further sanctions and Russia...
United Kingdom | Russian invasion dents near-term growth outlook
Posted by Andrew Goodwin on Feb 28, 2022
The main impact on the UK economy of Russia’s invasion of Ukraine is likely to be energy prices staying higher for longer. The UK’s energy price cap...
Eurozone | War in Ukraine will hit Europe’s economy
Posted by Angel Talavera on Feb 25, 2022
Russia’s invasion of Ukraine means that the economic impact of the conflict on Europe will be larger than we previously assumed. Our new baseline sees
Global | Russia invades Ukraine, damaging the global economy
Posted by Tatiana Orlova on Feb 24, 2022
Due to events over the past 24 hours, with Russia now intent on installing a “friendly” government in Ukraine, we have moved our global baseline in...
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...
Eurozone | How the clash with Russia will affect Europe’s economy
Posted by Angel Talavera on Feb 23, 2022
The escalation in the Russia-Ukraine conflict will hit the eurozone economy mainly via higher energy prices giving another spur to inflation, which...
APAC Cities | Capital move not likely to threaten Jakarta’s economic importance
Posted by Scott McEwan on Feb 23, 2022
The Indonesian government has ambitions to move the country’s capital away from Jakarta to an as-yet unbuilt city over 1,000km away on the island of...
Russia and Ukraine | Recognition of rebel states won’t trigger harsh sanctions
Posted by Tatiana Orlova on Feb 22, 2022
On Monday 21 February, separatist leaders of the so-called Donetsk andLuhansk People’s Republics (LNR and DNR) called on Russia’s PresidentVladimir...
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...