Europe
Cocaine seizures will not dent buoyant global market
Cocaine is a growing health and security challenge across Europe
InternationalLong-term higher food prices will drive inequalities
World food prices continued to ease in July, led by cereal, although remain far above 2013-18 levels
InternationalGreeks may lose trust in justice system
Citing insufficient evidence, Greek courts dropped two controversial cases this week, leading to public outcry
GreeceImmigration 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
Germany
