Prospects 2016

Europe

Rising gas demand in the northern hemisphere's winter season will not be enough to outdo the supply glut

The migrant crisis will dominate the continent's politics

2016 will see competition between the contrary impacts of global sluggishness and further euro-area monetary easing

2016 will see both major parties engaged with bitter internal differences and leadership questions more than each other

Calls for tighter border controls across the Schengen zone will affect non-Schengen members

The migrant crisis and terrorist attacks leave Western Europe emerging from the euro-area crisis into troubled times

With much unfinished business left from the euro-area crisis, EU single market fundamentals are now also in question