Torres, Raymond

Outlook for the Spanish economy in the wake of the energy crisis

Spanish GDP growth for this year has been revised upwards and is now forecast at a solid 4.5%. Within a context of high uncertainty, underpinned by geopolitical tensions, high energy prices and tighter monetary policy, downside risks are significant and economic weakness will be more tangible in 2023, with inflation possibly easing somewhat, though remaining stubbornly high over the projection period.

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Key challenges for the new Italian government

On 22 October, Giorgia Meloni was officially sworn in as Italy’s prime minister. The new Italian government will have to tackle soaring energy prices and support struggling families and businesses, among other challenges.

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Deglobalization: risks and opportunities for the EU

Is globalization going into reverse mode? Disruptions in supply chains caused by the Coronavirus lockdowns, together with the war in Ukraine and the economic and trade war that the West is fighting with Russia are more and more seen as evidence of a deglobalization trend. Obviously, the implications of a deglobalizing world are enormous for the world economy and for the EU in particular.

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