Czech Republic
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Czech consumer prices grow by record 17% in June
Food price rise of 18% was main driver in surging CPI.
Czech unemployment rate falls further in June
Analysts predict rate to tick upwards around end of year because of Ukraine refugee wave and threat of recession.
Germany’s ZEW Index collapses as fears of gas rationing mount
Germany’s leading economic index, the ZEW, collapsed in July as fears mount that Russia will cut the country off from gas entirely at the end of this month, and that could spark a major economic crisis, Oxford Economics reported on July 12.
NEMETHY: The riskiest macroeconomic environment of the 21st Century!
In my opinion, the macro environment is riskier than before the Dotcom Bubble and before the Great Financial Bubble. Why? A nasty cocktail of factors which may reinforce each other:
bneGREEN: The need for nuclear in the energy transition
Nuclear is set to make a "comeback," with capacity forecast to double between 2020 and 2050 from 413 GW to 812 GW, the IEA said.
RADIOACTIVE: Central Europe remains highly exposed to Russian uranium
Europe’s nuclear power sector is starting to worry about its fuel stocks as Russia’s invasion of Ukraine is calling into question the security of uranium supplies and processing services provided by Russia.
Czech industrial production slightly up again in May
After three months of decline, Czech industrial output in May grew by 3.3% year-on-year.
Emerging markets see $4bn of outflows in June as global recession fears grow
Pockets of weakness persist in emerging markets where real interest rates are deeply negative – and risks for those countries are rapidly mounting.
Tougher times ahead for Emerging Europe
With no end to the Ukraine war in sight, spiralling inflation is set to drag down growth across Emerging Europe in the second half of 2022 and into 2023, wiiw’s latest forecasts say.
bneGREEN: Has green energy had its day?
Global efforts to combat climate change are being endangered by the global COVID-19 pandemic, the war in Ukraine and the current energy crisis.
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bneGREEN: Cracks appear in German opposition to atomic energy
Germany’s opposition to expanding nuclear power could be changing slowly, as the current gas crisis leads to more voices calling for an end to the closure of nuclear power plants.
Czech PMI slips in June
Conditions in the Czech manufacturing sector deteriorated in June for the first time since August 2020, with the index falling from 52.3 to 49.
VISEGRAD BLOG: EU Presidency offers Czechs chance to transform relationship with Brussels
The Czech Republic finally appears to be breaking out of the V4 straitjacket by building alliances right across the EU to pursue its interests.
US and Chinese slowdown will tip the world into recession, says IIF
The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.
Stagflation fears continue to rise
Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.
CEE Economic Sentiment Indicators fall on polycrisis woes
The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.
PPF group confirms plans to sell Chinese operations
Czech investment group also says it is looking at acquisition opportunities in telecommunications, probably involving a merger with another financial or investment partner.
Nato agrees 'fundamental shift' to counter Russia
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
Czech energy company CEZ switches away from Russian nuclear fuel
CEZ signs contract with US nuclear power technology company Westinghouse and French Framatome.
bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition
Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.
