Economic Snapshot for G7 Countries
May 5, 2022
Global economic activity to lose pace in 2022
The world economy is projected to lose pace this year as inflation rises due to the war in Ukraine and Covid-19 lockdowns in China, while fiscal and monetary policies tighten. Risks to the outlook include China’s economic performance, new variants of Covid-19, the courses of the Russia-Ukraine war and sanctions on Russia, and faster-than-expected Fed tightening.
Global inflation to rise in 2022
Inflation should increase notably in 2022 as the war in Ukraine leads commodity prices to surge and causes supply chain difficulties, which are heightened by Covid-19 restrictions in China. Decisive factors shaping the outlook include the war’s evolution, China’s Covid-19 stance, OPEC’s rate of adding oil to the market, the Fed’s monetary tightening and extreme weather.
5 years of Major Economies economic forecasts for more than 30 economic indicators.
Major Economies Economic News
May 20, 2022
Consumer confidence fell to minus 40.0 in May from April's minus 38.0.
May 17, 2022
Consumer prices increased 2.51% over the previous month in April, accelerating from the 1.09% rise recorded in March.
May 12, 2022
Harmonized consumer prices rose 0.69% in April over the previous month, below the 2.47% rise recorded in March.
May 6, 2022
On a seasonally-adjusted monthly basis, industrial production dived 3.9% in March (February: +0.1% mom).
May 4, 2022
Consumer prices increased 0.37% over the previous month in April, following March's 0.57% rise.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.