Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The European Commission has revised its inflation forecasts for 2022 and 2023 higher and its growth outlook for next year lower, as the war in Ukraine and global supply chain issues continue to weigh on the economy.
Inflation is now seen at 7.6% in the eurozone (8.3% for the EU) in 2022, easing to 4.0% and 4.6% respectively in 2023. For the euro area, that compares to forecasts of 6.1% for 2022 and 2.1% for 2023 in the Spring forecasts.
Euro area growth is now seen lower at 2.6% in 2022 and 1.4% in 2023. The 2023 forecast is a 0.9pp cut from the Spring report. The report highlighted the jump in energy and food prices due to the Ukraine war, as well as slowing US growth and China's lockdowns as the key risks to growth.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.