Research Briefing | Oct 22, 2021

Eurozone weekly economic briefing | Potential policy shakers this week

Ipad Frame - EZ-weekly-Potential-policy-shakers-this-week

The week was full of events that could potentially become policy shakers. While the PMIs showed economic growth keeps cooling, energy prices continued to soar, prompting governments to find further offsetting measures to protect purchasing power.

What you will learn:

  • On the monetary policy front, the resignation of Jens Wiedmann from the Bundesbank and, by extension the ECB council, surprised analysts. While this is not an immediate game-changer, it could reshape the balance of power in the ECB council.
  • Meanwhile in Germany, it seems that an SPD/Greens/FDP coalition government could be formed sooner than expected.
  • The EU vowed to adopt punishing measures against Poland after the
    latter rejected the primacy of EU law over national legislation.

{% video_player “embed_player” overrideable=False, type=’scriptV4′, hide_playlist=True, viral_sharing=False, embed_button=False, autoplay=False, hidden_controls=False, loop=False, muted=False, full_width=False, width=’1920′, height=’1080′, player_id=’58287842917′, style=” %}

Back to Resource Hub

Related Services

Post

Riksbank first does not mean Riksbank alone

We think the Riksbank will cut rates in May, before the Federal Reserve and the European Central Bank do so. The Riksbank's monetary policy tightening has had a large impact on the interest rate sensitive Swedish economy, while recent inflation outcomes have undershot Riksbank's forecasts and converged to the target. The effect of an earlier rate cut on the krona is a key risk.

Find Out More
A hat from Trump's US presidential elections campaign

Post

Trumponomics: The economics of a second Trump presidency

We modeled two scenarios in which former President Donald Trump returns to the White House and Republicans gain full control of Congress after the 2024 election.

Find Out More