Europe
Wage-price spiral risks should moderate in the West
High inflation is fuelling inflation expectations and wage demands, increasing the risk of a wage-price spiral
InternationalExtremes hold key positions in new French assembly
The far left, in particular, will gain significant influence in the new National Assembly
FranceCzech and Polish anti-inflation plans may work better
Central European governments respond with various measures against severe Ukraine-driven cost-of-living rises
Eastern EuropeCzech EU presidency could lift Poland’s fund blockage
The Czech EU presidency could have a differentiated impact on EU issues with member states Hungary and Poland
Czech RepublicMarkets will be wary of Hungary despite rate rise
Central Europe suffers interest rate ‘hiking fatigue’ despite widening external deficits
Eastern EuropePolitical instability in Italy looks set to deepen
Tension between Italy’s main parties will increase as the next election, currently scheduled for 2023, approaches
ItalyProspects for the global economy to end-2022
Higher inflation and rates will raise the cost of living, deter consumption and investment and dampen global GDP growth
InternationalProspects for EU to end-2022
The convergence of several crises threatens to undermine unity at a time when the EU needs it most
EU
