Bundles

7 July 2022

ING Monthly: Europe’s recovery is cancelled

July economic update: The anticipated economic rebound following the end of Covid-19 lockdowns has been offset by the war in Ukraine, new supply chain frictions, and high inflation. As a result, the long-awaited economic recovery of the eurozone has been cancelled

In this bundle

Europe’s recovery is cancelled

Recession is in the air, we're revising down our growth forecasts, and the European Central Bank finds itself in an ever-deepening predicament. The…

Central banks: Our latest calls

What to expect from central banks as inflation concerns persist and recession risks rise

, and 2 others

Fears of another eurozone crisis are overblown

Despite a challenging outlook for the eurozone, the prospect of another debt crisis seems unlikely. There are few signs of economic divergence, debt…

, and 3 others

Debt sustainability issues, once again

The rise in bond spreads in most eurozone countries could be a problem. Nevertheless, the long period of extremely low interest rates and the very gradual…

and

United States

3 calls for the US economy as it heads toward recession

The Federal Reserve has made it clear it is prepared to sacrifice growth in order to get a grip on inflation via higher interest rates. We see the clear…

3 calls for the eurozone as concerns rapidly mount

The threat of recession amid persistently high inflation is contributing to growing angst for policymakers across Europe

and

China

3 calls for China as its economic recovery slowly begins

With the Chinese economy starting to recover with the easing of strict Covid-19 measures, the government is looking to boost infrastructure investment to…

United Kingdom

3 calls for the UK as political uncertainty deepens

The recent spike in gas prices for next winter doesn't bode well for the UK economy, which otherwise is benefiting from a tight jobs market and high…

3 calls for Asia as inflation begins to fall

We believe that inflation will dip in the second half of this year across Asia, helped by declining food prices. There will be a catch-up period for those…

Recession fears reach central and eastern Europe

With inflation rising swiftly, economic data suggests economic storm clouds will continue to gather over the summer in the CEE region. In the Czech…

, and 2 others

3 calls for FX as the dollar stays strong

We're expecting a strong dollar, high volatility, and more central bank intervention in the second half of this year

Rates

3 calls for rates as the US tops out but the ECB has barely budged

It looks like the top for US market rates is in. The coming months may see some retrace higher, but the dominant impulse now is for rates to test lower.…

Transport & Logistics

3 calls for supply chains as extreme market conditions persist

Supply chain problems are here to stay in 2022. Looking ahead, shifts in demand will play a greater role, while structural changes to trade flows will…

and

Report

July ING Monthly: Europe’s recovery is cancelled

Recession is in the air, we’re revising down our growth forecasts, and the European Central Bank finds itself in an ever-deepening predicament. The…