Despite the economic headwinds and much increased uncertainty stemming from the Russian invasion of Ukraine the ECB decided to accelerate its QE exit...
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....
Europe | NBP hikes rates amid falling PLN and higher inflation prospects
Posted by Mateusz Urban on Mar 9, 2022
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...
Eurozone | Durable goods will turn deflationary only in 2023
Posted by Oliver Rakau on Mar 7, 2022
Up until recently there had been growing signs that the forces that lifted durable goods prices last year had begun weakening or even reversing. But...
US | Supply chain stress is poised to intensify
Posted by Oren Klachkin on Mar 7, 2022
US supply chain stress tracker brought bad news in February. Inflation took up the baton from transportation and now represents the most stressed...
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...
US | Supply chains started the new year under duress
Posted by Oren Klachkin on Feb 4, 2022
Our US supply-chain stress tracker suggests 2022 commenced with continuing pressures. Transportation channels remained strained in January, and...
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 | ECB Watch – inflation risks will dominate ECB meeting
Posted by Oliver Rakau on Jan 31, 2022
Inflation prospects will again dominate the upcoming ECB meeting. We do not expect any clear policy signals or decisions given that the council made...
Norway | Omicron's impact on the 2022 growth outlook appears to be mild
Posted by Rory Fennessy on Jan 28, 2022
We have lowered our mainland 2022 GDP growth forecast by 0.1ppt to 4.2% to reflect the economic impact of the Omicron outbreak at the start of the...