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.
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.
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.
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.
The forint has been of the weakest currencies in Europe, with widening budget and current account deficits making it exposed to external market movements.
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.
An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.
Hungary's jobless rate would be closer to 5% if workers in public work schemes were included.
Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.
The €720 million project creating 1,200 jobs is the largest investment so far announced this year in the country.
Hungary’s permanent representative to the EU, Tibor Stelbaczky, has reportedly stepped down from his post. The Hungarian Embassy in Brussels refused to confirm or deny the report.
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Headline industrial output growth slows to 3.1% y/y.
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
Ryanair says 'ill-timed and ill-considered tax has made Hungary instantly uncompetitive and less attractive to airlines and tourists'.
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.
The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets
Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.