It's no secret that the global economic outlook hinges on energy prices this winter, but every country faces a unique cocktail of challenges ranging from central bank tightening to Covid-19. Our team have built three new scenarios for each of the major economies we cover
Three scenarios for the global economy and energy prices
With the global economy in the grips of various crises and uncertainties, it once again makes sense to view the outlook through scenarios. But unlike during Covid – where most countries were up against a common set of challenges – each economy is facing a unique cocktail of several key issues. A one-size-fits-all approach to scenario planning no longer makes sense. This article outlines three scenarios for each of the major economies we cover, and delves into what they imply for growth, inflation and central bank policy.
Every economy is facing a different cocktail of challenges
Source: ING
Three scenarios for energy prices
Source: Macrobond, ING
Three scenarios for the US economy
Source: Macrobond, ING
Three scenarios for the eurozone economy
Source: Macrobond, ING
Three scenarios for the UK economy
Source: Macrobond, ING
Three scenarios for China's economy
Source: Macrobond, ING
Disclaimer
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
