Eurozone weekly economic briefing | 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=” %}
Tags:
Related Services

Post
Firms must brace for higher ‘new normal’ construction material prices
New research by Oxford Economics suggests that construction materials prices have shifted permanently higher due to the shocks of the past couple of years. Project managers and investors should anticipate costs being at least 15-20% higher in 2024 and onwards than in 2021.
Find Out More
Post
New Activity Trackers suggest momentum is waning
After a choppy first quarter of GDP data, our novel Activity Trackers (which incorporate proprietary daily sentiment data from Penta) suggest that economic momentum in EM Asia is on a softer trend in Q2 (at least outside of China) supporting our view of easing underlying inflationary pressures and diminishing appetite for further rate hikes.
Find Out More