Eurozone weekly economic briefing | Covid concerns dominate the outlook once again
The surge in Covid cases continues across Europe, prompting governments to announce new restrictive measures that will impact economic growth in the near term. While monthly activity indicators are still consistent with a robust expansion, we expect a substantial deterioration in December when surveys fully capture the impact from the latest wave.
What you will learn:
- The emergence of the new Omicron variant adds an additional layer of uncertainty.
- While it remains too soon to judge the health implications, let alone the economic effects, its rapid spread means that the path to normalcy will continue to be bumpy.
- Eurozone inflation hit an all-time high in November, surging to 4.9%. Although energy costs continue to dominate the rise in prices, the rise in core inflation was stronger than expected.
Tags:
Related Services
Post
The Green Leap: Unlocking climate financing at COP30 for Africa
The scaling of climate finance for developing countries will take centre stage at the 30th Conference of the Parties (COP30) of the UN Framework Convention on Climate Change (UNFCCC) starting today, in Brazil. Leaders will grapple with how to plug the gaping shortfall in funds needed to help developing economies curb emissions and adapt to climate shocks. Reforming the global financial architecture will be a key discussion.
Find Out More
Post
Continental oil kings missing out on evolving oil dynamics
Uncertainty around global growth has widened the range of possible outcomes for oil consumption. While demand growth currently lags behind supply, stronger-than-expected trade or industrial activity could lift demand above projections. This brief explores whether Nigeria and Algeria are positioned to take advantage of such an upside.
Find Out More
