Africa | Complacency over Cabo Delgado costing State dearly
After attacks on Palma in northern Mozambique in which dozens of civilians, including a South African and a Briton, lost their lives, Total pulled all its local staff out of northern Mozambique and suspended work on its onshore installations. The resulting delays will affect Mozambican government finances, and make it more urgent for Maputo to call on foreign friends for help.
What you will learn :
- This Research Briefing analyses the implications of the recent jihadist attacks in northern Mozambique for security in the area and for investment decisions by energy multinationals.
- Maputo has a choice to make between jealously guarding its sovereignty and effectively addressing the insurgency with foreign help.
- That choice will affect investment decisions by energy companies like Total, and delays on investment timelines will further stress government finances.
Why an ageing population doesn’t mean soaring inflation
What’s the future for inflation? Joachim Nagel, the new president of Germany's central bank, believes the rapidly ageing global population will play a key role – ramping up pressure on prices in the medium term. While we agree slowing labour supply will stifle output growth, in his recent discussion Nagel failed to fully consider the demand side of the argument.Find Out More
Surging global food prices could drive eurozone core inflation higher
Along with energy prices, global food prices have emerged as a key driver of the eurozone's current inflationary surge. Like other advanced economies, eurozone countries tend to be less exposed to global food price fluctuations. But if persistent and combined with strong demand, high food prices could result in a higher pass-through to core inflation.Find Out More