Europe
Lower rates will return, amplify and raise challenges
New data over six centuries suggest the trend for lower rates will resume along with the associated policy challenges
InternationalSVB failure spells contagion but not systemic risk
Major global tech lender Silicon Valley Bank and crypto lender Signature Bank have collapsed in quick succession
InternationalSpain’s economy is set for modest growth in 2023
Persistent inflationary pressures and tighter financial conditions will see significantly lower growth compared in 2022
SpainNorth Macedonia's political stalemate will continue
Despite enlarged parliamentary majority, coalition government will struggle to pass EU-demanded constitutional changes
North MacedoniaEU’s gas position will remain exposed to shocks
Weather, liquefied natural gas demand in Asia and possible further cuts to Russian gas flows all present dangers
EUPre-election spending may prop up Polish economy
The Polish economy has shown resilience in 2022, much like the government's tough anti-Russia stance
PolandEmissions cuts face strong pushback in the Netherlands
The Dutch government wants to halve nitrogen emissions by 2030 but is facing strong opposition from rural voices
NetherlandsEast European growth in 2023 will be modest at best
The slowdown of activity in the second half of 2022 will shape prospects for 2023
Eastern Europe
