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This study investigates Drax Group’s economic impact in the U.K., U.S., and Canada. It considers Drax’s own operations, the economic activity supported by its procurement spending and the impact of the wage payments to employees. We also consider the social value delivered by Drax Group.

A consumer recession is almost inevitable in Chile and Colombia due to overheating domestic demand combined with the need to simultaneously tighten fiscal and monetary policy.

Recession risks are mounting globally, including in the eurozone. Growing recession fears have resulted in large drops in oil prices and in further strengthening of the US dollar. Our tentative look at the eurozone shows the economy is slowing and that the risk of a recession is real.

In the current environment of high construction and debt costs, new office development in the City of London looks difficult without strong market rental growth. We estimate that developers would need nearly 6% per annum rental growth for underwriting to stack-up.

Salt Lake City’s low costs and outdoor amenities have attracted in-migration, spurring robust population over the last few years. The metro’s net job growth of 3.7% from Q1 2020 to Q2 2022 ranks 7th of the 50 largest metros.

Central banks have changed the way they react to economic conditions, largely focussing on current inflation and its impact on expectations at the expense of future growth. Their fear now is that high inflation could influence expectations, and in turn wages, engraining inflation.