Europe
Prospects for the global economy in H2 2023
Global economic activity will worsen as services slow, with the downturn relatively mild but potentially prolonged
InternationalUK parties have little room for migrant policy change
Economic and political factors will constrain the two main parties from significantly changing immigration policy
United KingdomThe LNG market will face further volatility
Temporary factors have normalised gas prices; prices in Europe and for spot LNG remain historically high, curbing demand
InternationalNorth Sea wind pact will require major state support
Nine northern European countries have agreed significantly to bolster wind energy production in the North Sea
EuropeCybersecurity of operational technology is essential
Use of operational technology (OT) is creating new cybersecurity risks, especially due to its integration with IT tools
InternationalLocal results leave UK Labour Party in pole position
Labour gained more than 500 council seats in local elections, the last electoral test before the next general election
United KingdomAI may take decades to lift economy-wide productivity
It took a generation for full electrification benefits to raise economy-wide productivity; the same may be true for AI
InternationalEU AI law faces tough conflicting pressures
The EU's Artificial Intelligence Act has generated intense debates between the proponents and opponents of strict rules
EU
