International
US, China and Europe outlooks will diverge further
The BIS quarterly review highlights differing US, China and euro-area economic and financial market dynamics
InternationalCarbon capture and storage will surge in the 2030s
Carbon capture and storage (CCS) is gaining momentum as a key approach to reducing carbon dioxide emissions
InternationalEl Nino farming stress will have wide economic impacts
Weather disruption from this El Nino event will tighten commodity markets and possibly global financial conditions
InternationalChina’s activity will stabilise if not notably improve
Growth in retail sales and industrial output edged up in August and unemployment dipped lower
InternationalServices to outgrow goods trade but regulation to lag
Services will outgrow goods trade ahead; while a stronger world framework to support trade would help, this is unlikely
InternationalOPEC supply squeeze elevates near-term oil prices
OPEC+, the IEA and the EIA have all updated their oil market forecasts yesterday and today
InternationalInternational fossil fuel subsidies will weigh heavily
In 2022, direct and indirect fossil fuel subsidies cost USD7tn (7.1% of global GDP)
InternationalPeak fossil fuel use bodes well but many tests persist
The International Energy Agency now sees demand for oil, gas and coal peaking later this decade
International
