Europe
French attacks will heighten security apprehensions
France’s main railway network has suffered major arson attacks ahead of the opening ceremony of the Paris Olympic Games
FrancePolitical uncertainty will hurt France’s economy
France’s business confidence has fallen to its lowest levels since the pandemic following the recent elections
FranceG20 cooperation will continue but actions are limited
The G20 meeting underway promises greater cooperation on taxation, climate, non-bank risks and currency volatility
InternationalCentral bank digital currencies diverge and progress
The euro area’s central bank digital currencies (CBDC) project is lagging behind the Chinese equivalent
InternationalAnti-tourism sentiment in Spain will persist
Anti-tourist demonstrations have taken place across several Spanish regions so far this year
SpainUkrainian agriculture faces serious challenges
Russia’s full-scale invasion has severely damaged Ukraine’s agricultural sector, reducing its economic role
UkraineGerman constitutional reforms could set a precedent
Germany’s main parties hope that constitutional court reforms will protect Germany against future rule of law abuses
GermanyEurope and Japan lead the renewed manufacturing slump
The euro-area and Japan saw manufacturing activity and orders weaken in July but services activity remains resilient
International
