Everything everywhere all at once
Negative confidence effects from the near-death experience in the US banking sector and the unresolved energy situation in Europe will shape the rest of the year.
Swiss shotgun wedding – What’s next?
What to watch: US Fed's interest rate path, France's political & social crisis, EU electricity markets
Centrifugal emerging markets
While the global financial system remains dominated by advanced economies (and anchored to the US monetary regime), it will be increasingly shaped by faster-growing emerging market economies.
Latest analysis of the energy crisis
Russia’s war economy
Despite Western sanctions, Russia's economy held up better than expected in 2022. However, the outlook is challenging for 2023.
Monetary policy in Central and Eastern Europe ahead of the curve?
Central banks in the CEE-4 were the first to halt their interest rate hiking cycles and, barring any new shocks, we expect some of them to also be ahead of the curve when it comes to the pivot.
No, the energy shock in Europe does not mean de-industrialization
The large energy-price shock still lies ahead for European corporates but it won't be a game-changer for price competitiveness against the US.