Reports
1 June 2022

June ING Monthly: Searching for a silver lining - the full report

The world economy has clearly seen better days. As attention shifts to the role of central banks, ING's global network of economists looks at what's really going on in the world and what we can expect next. 

Executive summary

In this report:

  • Searching for a silver lining
  • Three scenarios for inflation and central banks
  • Commodities: Upside risks remain for the commodities complex
  • Central banks to keep hiking amid uncomfortably high inflation
  • Neutral interest rates: Phantoms worth chasing?
  • US: Greater challenges to come for the hardy consumer
  • Eurozone: Muddling through at best
  • UK: The Bank of England to keep flying the flag for rate rises into the autumn
  • China: The big concern is still lockdowns
  • Asia: Food security - a prisoner’s dilemma
  • FX: Dollar pauses for thought
  • Rates: Why real rates are the key for direction
  • Euro Focus: The Dutch government outlines new spending commitments
  • Global supply chains won’t improve anytime soon
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more