Russia's GDP is unlikely to return to pre-crisis levels until the early 2030s, according to our modelling. We expect Russia's economy to contract by...
MENA | Commodity price shock is a mixed blessing for MENA
Posted by Maya Senussi on Mar 14, 2022
Russia's invasion of Ukraine and the evolving global response will be felt in the MENA economies mainly via the impact on commodity prices. Fuel...
Eurozone | EU faces tough trade-offs to phase out Russian gas
Posted by Daniel Kral on Mar 11, 2022
Following Russia's attack on Ukraine, the EU Commission has accelerated plans to phaseout Russian gas, with a two-thirds cut this year. To offset the...
Turkey | Outlook sours after Russia invades Ukraine
Posted by Maya Senussi on Feb 25, 2022
Turkey will take a hit from the Russian invasion of Ukraine through three main channels – tourism, energy prices and financial market disruption –...
Eurozone | Limited Ukraine incursion would dampen the recovery
Posted by Innes McFee on Feb 15, 2022
The impact of a “limited” incursion by Russia into Ukraine would deal an unwelcome blow to the European economy via higher inflation squeezing real...
United Kingdom | Inflation set to peak higher and remain stickier
Posted by Andrew Goodwin on Feb 14, 2022
We now see UK CPI inflation peaking at 7.5% in April and remaining higher throughout 2022. But inflation should retreat next year, and we see the...
Global | Key themes 2022: Supply response cools price pressure
Posted by Stephen Hare on Jan 31, 2022
Brent is currently trading at multi-year highs amid low inventories, robust demand and supply concerns. This follows a sharp recovery in demand last...
Eurozone | Low-flation risks to come back to the fore in late-2022
Posted by Oliver Rakau on Nov 18, 2021
We see little evidence that the outlook for underlying inflation in the eurozone is much changed from a few months ago. In fact, there’s a high...
Global - Higher energy prices won’t derail the global recovery
Posted by Tim Hunter on Nov 3, 2021
The global recovery from the pandemic will be dented but not derailed if high energy prices persist throughout 2022, our modelling finds. In an...
Eurozone | Energy prices put another dent in near-term recovery
Posted by Oliver Rakau on Sep 28, 2021
The surge in European gas and electricity prices over recent months pushed energy prices to an all-time high in August, amplifying a pickup in...