ING Monthly: Back from the beach, into the breach

We are back. Fully recharged, we're taking a fresh look at the global economy, reassessing previous calls and looking forward to an exciting autumn

In this bundle

Back from the beach, into the breach

Covid, supply chains, inflation and some sort of normality for central banks. These remain the four key challenges for global leaders. The European autumn…

United States

US recovery has challenges to overcome

The US economy is having to deal with a number of challenges that will weigh on growth in the near-term while keeping inflation elevated. Nonetheless,…

The eurozone is dealing with Delta better than most

Thanks to high vaccination rates, the eurozone economy is dealing with the Delta variant better than most, though supply chain troubles are becoming a…

China

China’s policies hit the jobs market

Since June, the Chinese government has demonstrated a unique economic concept that blends planned and market economies. We're not worried about the…

United Kingdom

Delta a dent but not a disaster for the UK economy

The UK's third wave of Covid-19 has stalled the recovery but hasn't so far tempered consumer confidence dramatically. The fourth quarter will be a…

No one-size-fits-all narrative for Asia

There is a broad spectrum of performance and policy reaction in Asia, though if you have to pick a central theme, it is still the influence of Covid-19

There’s more to FX than EUR/USD

FX markets are ending the summer as they began, caught between the cross currents of monetary policy normalisation and renewed lockdowns. Abundant…

Rates

Rates: System risk is on the floor. Here’s why it matters

How markets feel about risk is uber-important but risk perception is minimal right now. One measure of this is the rate banks need to pay to entice…

Trade

No quick fixes for supply chain frictions

New lockdowns in Asia, including that of another major Chinese port, mean more disruption to supply chains. Each new setback is proving harder to recover…

United States

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ING’s outlook for central banks

Our economists look at the places where monetary policy is likely to be tightened first over the next few years

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Report

ING Monthly: Back from the beach, into the breach

Covid, supply chains, inflation and some sort of normality for central banks. These remain the four key challenges for global leaders. The European autumn…