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Inflationary expectations threaten eastern EU recovery

Location:

EU

Supply bottlenecks and higher energy prices have driven up prices. The OECD reported 4.6% annual inflation in September, and 18.9% for energy. In the EU, annual inflation reached…

Optimistic expectations of Colombia’s Petro pose risks

Location:

COLOMBIA

Turnout, at over 58%, was the highest since 1974. Petro’s largest leads were recorded in coastal departments (regions); he also secured a majority in Bogota. Although he has…

Inflation and labour shortages will feed into wages

Location:

US/EU

Reflecting this, US pay rises were the highest in more than 20 years, and euro-area pay rises the highest in more than 25 years. Broader measures of compensation were more…

Colombia’s economy faces sluggish growth in 2024

Location:

COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

Risks to China from unemployed youth rise

Location:

CHINA

The timing is suspicious: urban youth unemployment hit an all-time high of 21.3% in June. This is around 6 million people aged 16-24, double the number before the pandemic. For…

Low euro-area growth supports case for ECB action

Location:

EURO-AREA

This is the same pace as in the third quarter, marking the eleventh consecutive quarter of expansion. For January-December, growth accelerated to 1.5% from 0.9% in 2014, in line…

Bolivia’s Morales may become victim of his own success

Location:

BOLIVIA

The political longevity of Evo Morales.

Nuclear deal set to change course of Iranian politics

Location:

IRAN

Despite some hardline criticism, there has been a generally positive reception inside Iran for the agreement reached on July 14. By securing the deal, Rouhani has fulfilled his…

High employment and low wages will curb Russian growth

Location:

RUSSIA

In defiance of expectations following the imposition of severe sanctions, the unemployment rate has hovered around 3.2%. Yet rather than a sign of resilience, low unemployment…

Hungary’s monetary stance may weaken forint further

Location:

HUNGARY

Hungary’s financial and economic woes are deepening amid a second wave of COVID-19 infections, which is undermining business and consumer confidence, and threatening to derail the…