Special
The EU is further tightening the thumbscrews on Russia. In this updated scenario analysis we take a closer look at the economic impact of an energy import ban. A decline in Eurozone GDP over the next four quarters seems all but given now.
Special
The Ukraine war has sparked another supply chain crisis. EU industry will be impacted via higher prices of both energy and non-energy commodities, lengthened delivery times of inputs and possibly shortages. Germany and Italy are relatively vulnerable.
Special
The war in Ukraine has significantly raised the risk of a recession in the Eurozone this year. With its large exposure to key Russian and Ukrainian import goods inflation could rise even faster and amplify a ‘supply shock’ that had already been in the making.
