Europe
Immigration will make Irish election a tight race
Support for the opposition SF has fallen significantly over the last six months
IrelandVery slightly lower UK rates will relieve borrowers
The Bank of England has cut rates for the first time since the onset of the global pandemic, with 5/9 voting for a cut
United KingdomWorld trade growth will recover modestly, led by Asia
The WTO annual report remains optimistic that world trade will grow solidly and can drive job creation and food security
InternationalEuro-area inflation stuck near 2.5% will test ECB
July euro-area headline inflation edged up to 2.6% on slightly pricier energy and core inflation was unchanged at 2.8%
EUStrong German rebound is unlikely to materialise
Having emerged from recession at the start of the year, the German economy has contracted again
GermanyUK foreign policy will shift in some areas
The new government is focusing heavily on foreign policy
United KingdomRussia faces mounting challenges in the Arctic
Russia’s full-scale invasion of Ukraine has disrupted its plans to develop the Arctic
RussiaBulgaria’s political gridlock prolongs election agony
Two attempts to form the government have failed, paving the way for another snap election
Bulgaria
