Higher energy prices won’t derail the global recovery
The global recovery from the pandemic will be dented but not derailed if high energy prices persist throughout 2022, our modelling finds. In an extreme scenario where oil, gas and coal prices remain elevated indefinitely, global growth would still be 4.0% and 2.8% in 2022 and 2023 respectively, knocking 0.5ppts and 0.7ppts off our baseline forecast.
What you will learn:
- We find that while some economies would suffer sizeable GDP impacts, the global impact is more moderate.
- Equities and bonds would take a sizeable hit however, as growth slows
- While we don’t see the recovery in global GDP being
derailed by higher energy prices, financial markets would
feel the effects much more keenly
Tags:
Related Services
Post
Housing affordability lowest in Greek, Danish, and German cities
House prices across Europe have soared over the past decade, especially in cities. During this time, incomes in Europe have not kept pace with house price hikes on average, squeezing the purchasing power of homebuyers in many European cities.
Find Out More
Post
Parsing US federal job cuts by metro
Cuts to the Federal government workforce, which we estimate to be 200,000 in 2025, will have a modest impact nationally, but more significant implications for the Washington, DC metropolitan economy as it accounts for 17% of all non-military federal jobs in the US.
Find Out More