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Russian household consumption is recovering slowly

Location:

RUSSIA

This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…

Inflation could rise again in Russia in 2023

Location:

RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…

Recovery of Russian consumption is likely to moderate

Location:

RUSSIA

Strong household demand, now restored to pre-war levels, mitigated the impact on GDP of falling exports last year. The consumer market is profoundly changed, with new brands from…

UK government has space for fiscal loosening

Location:

UNITED KINGDOM

The UK economy is not as directly exposed to the conflict as other European countries, but economic weakness in the EU will have knock-on effects for the United Kingdom. The…

Czech and Polish anti-inflation plans may work better

Location:

EASTERN EUROPE

Budget constraints make it difficult for the Czech, Hungarian, Polish and Slovak authorities to help households and firms suffering as a result of the economic shocks caused by…

War and sanctions will hit Russian consumer spending

Location:

RUSSIA

The cost will increase pressure on households already experiencing declining real incomes and worrying about the military mobilisation which the government says has taken 300,000…

War in Ukraine will deepen poverty in Central Europe

Location:

EASTERN EUROPE

Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…

Prospects for the euro-area economy to end-2022

Location:

PROSPECTS H2 2022

Prospects for the euro-area economy to end-2022.

Euro-area activity will slow sharply or even contract

Location:

EU

The euro-area is highly exposed to the fallout from the Ukraine war, and higher commodity prices for a longer period will squeeze the disposable incomes of households and firms…

Pre-election spending may prop up Polish economy

Location:

POLAND

The statistical office’s provisional estimate surpassed expectations and confirmed that Poland’s diversified economy, backed by government measures, had weathered the supply…