An inflationary wave unleashed by the war in Ukraine and the response to COVID may be hard to stop because of an energy price shock, sanctions that are exacerbating supply chain problems and labour shortages, Deoktsche Bank Wealth Management said.
France and Germany saw bigger than expected drops in consumer confidence this month as government steps to help with rising fuel costs and other inflation gave little relief following the impact of Russia's invasion of Ukraine, surveys showed on Tuesday.
British government bond issuance will fall closer towards pre-pandemic norms in the coming financial year, when the market's biggest buyer over the last decade - the Bank of England - will move to the sidelines, according to a Reuters poll of primary dealers.
German growth will be weaker than expected this year due to the effects of Russia's invasion of Ukraine which will also push up inflation in Europe's biggest economy, the Ifo institute said on Wednesday.
Tunisia's trade deficit grew 12% in May compared to April, according to the National Institute of Statistics (INS). The deficit reached TND 1.44 billion, up from TND 1.27 billion the previous month.
The race towards clean energy takes a major step forward with the launch of a brand new Hydrogen Show at the upcoming KEY - The Energy Transition Expo.