News

energy shock

News about energy shock: events, facts and developments on tafs uz.

2 stories

Eurozone inflation: Italy 5.4%, Germany 2.8% — why the figures diverge

The four largest eurozone economies released October inflation data: Italy at 5.4%, Spain at 4.9%, France at 3.4%, and Germany at 2.8%. Despite a common surge in energy prices, the trajectories diverged: Germany's figure fell due to lower fuel taxes, while inflation accelerated in Italy and France. The day before, the ECB kept its deposit rate at 2.5%, and Christine Lagarde announced her resignation in February. The four largest eurozone economies have released October inflation data: Italy — 5.4%, Spain — 4.9%, France — 3.4%, Germany — 2.8%. Despite a common surge in energy prices, the dynamics diverged: in Germany the figure fell due to fuel tax cuts, while in Italy and France it accelerated. The day before, the ECB kept its deposit rate at 2.5%, and Christine Lagarde announced her resignation in February.

5 min read

Energy shock pushes US, eurozone, Japan and UK central banks toward policy tightening

Rising energy prices amid the Iran conflict are intensifying inflationary pressure in major economies. The Fed, ECB and Bank of Japan raised rates in September, while the Bank of England held them, but three committee members voted for an increase. Economist Hugh Dixon warns of possible stagnation of growth and recessions in several G7 economies by 2027.

5 min read