Europe
Long-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
InternationalImmigration will make Irish election a tight race
Support for the opposition SF has fallen significantly over the last six months
IrelandGreeks may lose trust in justice system
Citing insufficient evidence, Greek courts dropped two controversial cases this week, leading to public outcry
GreeceVery 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
InternationalRussia faces mounting challenges in the Arctic
Russia’s full-scale invasion of Ukraine has disrupted its plans to develop the Arctic
RussiaUK foreign policy will shift in some areas
The new government is focusing heavily on foreign policy
United KingdomEuro-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%
EU
