About this episode
The episode discusses the rise in energy prices due to the Middle East conflict and its implications for Europe, comparing it to the 2022 energy shock.
In this European edition of Macro Minutes, we discuss the rise in energy prices in the wake of the Middle East conflict brings back painful memories of the 2022 energy shock for Europe. We dissect what is similar and what is different, quantify some impacts on inflation and growth estimates, and map a path forward for the ECB and BoE. Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Cathal Kennedy (Desk Strategy), Senior UK Economist George Moran (Desk Strategy), European Macro Strategist * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
Topics covered
- energy prices
- inflation
- economic growth
- European Central Bank
- Bank of England
- Middle East conflict
Keywords
- energy prices
- inflation
- growth estimates
- ECB
- BoE
- Middle East conflict
- European economy
Mentioned in this episode
Organizations: RBC Capital Markets
Places: Middle East, Europe
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