Economic Snapshot for G7 Countries
September 28, 2022
Economic Growth
Global growth will slow this year and next, hampered by elevated inflation, higher interest rates and waning fiscal stimulus. Risks include faster-than-expected monetary tightening, a broadening of the Russia-Ukraine war, energy shortages in Europe, U.S.-China tensions and a steep downturn in China, which is suffering from Covid-19 restrictions and a housing downturn.
Inflation Outlook
World inflation should peak in H2 this year and decline during 2023, as global demand slows, commodity prices pull back and supply constraints ease. However, inflation will still be high by historical standards next year. The course of the war in Ukraine, the depth of the coming economic slowdown and extreme weather events will be important to watch.
Sample Report
5 years of Major Economies economic forecasts for more than 30 economic indicators.
Major Economies Economic News
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Japan: Consumer confidence deteriorates but remains in positive territory in September
September 30, 2022
Consumer confidence fell to 30.8 in September from August's 32.5.
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Germany: Consumer sentiment expected to drop to all-time low in October
September 29, 2022
The GfK consumer climate index is forecast to drop from minus 36.5 in September to a new all-time low of minus 42.5. The expected deterioration in sentiment came on the back of backward-looking data for September, which is released simultaneously and underpins the October expectation.
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Germany: Harmonized inflation accelerates in September to record high
September 29, 2022
Harmonized inflation accelerated to a record-high 10.9% in September, according to provisional data, from August’s 8.8%.
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Italy: Consumer confidence drops in September
September 28, 2022
Consumer confidence fell to 94.8 in September from August's 98.3.
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Italy: Business confidence eases in September
September 28, 2022
Business confidence came in at 105.2 in September, down from August's 109.2.
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