Prospects 2022 Update

Improved investor perceptions are matched by the likelihood President Cyril Ramaphosa will retain leadership of the ANC

Low growth and high inflation dominate the outlook for the euro-area economy

The war in Ukraine will continue to cast its shadow on neighbouring Central and South-eastern Europe

Multiple political crises and a potentially severe humanitarian crisis threaten the region in late 2022

Tensions between Palestinians and Israelis have increased in 2022, but wider Arab-Israeli relations have improved

More aggressive rate rises should help cut inflation in the rest of 2022 but the risk of a harder landing is rising

Russian officials are forecasting a contraction of less than 8% this year despite a costly war and costlier sanctions

The region faces a series of diplomatic challenges while its countries strive to return to pre-pandemic GDP growth rates

Nigeria faces a number of deteriorating trends, despite modest economic growth projections

November’s midterm elections will dominate US politics in the second half of 2022

Prime Minister Narendra Modi is secure in power but faces several political and economic challenges

Oil revenues have strengthened in 2022, underpinning economic flows between oil exporters and oil-importing states

The war has resulted in multiple foreign policy reverses and a narrowing of attention

An election is imminent in Japan, a new president has just taken office in Seoul and North Korea is battling COVID-19

The general elections in October will dominate the outlook for Brazil in the second half of the year

As the health threat of the COVID-19 pandemic dissipates, its socioeconomic impacts endure

The global economic fallout from the war in Ukraine is having mixed effects across Africa

As Xi Jinping prepares to begin a third term, the economy is in trouble and key foreign relationships are under strain

As Mexico grapples with the economic impacts of world events, the government looks towards the presidential succession

The convergence of several crises threatens to undermine unity at a time when the EU needs it most

Higher inflation and rates will raise the cost of living, deter consumption and investment and dampen global GDP growth