EU
Election pressures will undermine German government
Defeat for Germany’s three coalition parties in the EU election will make policymaking more arduous
GermanyEU labour costs will reduce scope for more rate cuts
Growth in total labour costs accelerated in the early months of 2024, keeping wage-price spiral fears alive
EUApplication of nature law will vary across EU
One of the EU’s most ambitious climate policies, the Nature Restoration Law (NRL), has received final approval
EUHungary’s Orban may escalate stand-off with EU
The EU’s top court has imposed a hefty penalty on Budapest
HungaryGeorgia will increasingly shift towards Eurasia
The passage of controversial NGO legislation has caused tensions within Georgia and with Western states
GeorgiaChinese exports will likely withstand EU tariffs
The EU has provisionally announced additional tariffs of up to 38.1% on imports of Chinese electric vehicles
ChinaJordan’s economy will require international support
Despite progress, Jordan’s economy will rely international support as it remains vulnerable to external shocks
JordanFrance’s Macron takes huge risk by calling elections
Macron has called early legislative elections with the aim of stopping the far right from winning the presidency in 2027
France
