Russia’s invasion of Ukraine has caused a spike in prices of crude oil, natural gas and liquefied natural gas (LNG). With the war in Ukraine and the resulting stand-off between Russia and the West likely to last for several months, energy prices are set to remain at their current elevated levels for much of the year..
The conflict between Russia and Ukraine will affect the global economy via three main channels: financial sanctions, commodities prices and supply-chain disruptions..
Russia’s invasion of Ukraine has sent prices of food commodities—especially grains and vegetable oils—soaring. As the war in Ukraine is likely to last for several months at least, EIU expects prices of agricultural commodities to remain elevated for much of the year..
At this early stage, the clearest near-term economic implications of Russia’s invasion of Ukraine for the German economy are higher inflation, higher fiscal spending, manufacturing sector disruption, lower economic growth and potential weakened banking sector revenue. Risks to financial sector stability remain, for now, low..
On March 14th China’s top diplomat, Yang Jiechi, met with the US national security adviser, Jake Sullivan, in Rome, Italy. The US has been applying pressure on China to distance itself from Russia, and before the meeting media leaks indicated that the US had told its European allies that China was considering providing military support to Russia. .
China’s ambitious real GDP growth target of 5.5% in 2022 confirms that fiscal and monetary policy will be loosened this year, in ways that could worsen existing economic imbalances..
In EIU’s latest global outlook video Agathe Demarais and Nick Marro discuss whether China will want to, and be able to, provide Russia with economic and financial support in the coming years..
Analysis by EIU’s global forecasting team shows that two-thirds of the world’s population lives in neutral or Russia-leaning countries regarding war in Ukraine..
Analysis by EIU’s global forecasting team shows that two-thirds of the world’s population lives in neutral or Russia-leaning countries regarding war in Ukraine. .
EIU has today launched its ESG (Environmental, Social and Governance) Rating Service. The EIU’s new solution goes beyond the headlines to measure the true impact that governments, businesses and society have on sustainability. .