Europe
Soft landing for global economy but many risks persist
The BIS signals that while a soft landing remains on track, monetary and fiscal policy will be historically tight ahead
InternationalExport orders signal very modest world trade recovery
The manufacturing PMIs for June showed export orders falling markedly in the euro-area, UK, Japan and ASEAN
InternationalEstablishment parties could hold ground in Romania
Local and EU elections produce tailwinds for the ruling coalition and a shake-up in the opposition
RomaniaGreece’s left-wing opposition will struggle to unite
Intra-party commotion in two left-wing opposition parties highlights challenges to present a unified front
GreeceEarly releases suggest little change in euro-area CPI
Spain, France and Italy reported few changes in consumer price inflation (CPI) in June
EUDigitally delivered services will grow rapidly
The WTO and World Bank have held a three-day meeting to help developing economies trade more in digital services
InternationalUK financial solidity risks linger despite bank health
The UK Financial Stability report praises bank health but highlights the risk of an asset-price correction
United KingdomMontenegro may progress on EU membership path
The EU gave the nod to Podgorica’s continued EU membership bid
Montenegro
