Europe
World 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%
EUStrong German rebound is unlikely to materialise
Having emerged from recession at the start of the year, the German economy has contracted again
GermanyBulgaria’s political gridlock prolongs election agony
Two attempts to form the government have failed, paving the way for another snap election
BulgariaUK dependence on fossil fuel imports could increase
The Labour government has pledged to bolster renewable capacity and accelerate the phase-out of fossil fuel exploration
United KingdomFirmer trade could boost German and euro-area growth
The euro area grew by a firm 0.3% on the quarter in April-June but Germany contracted and only Spain is growing strongly
EU
