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      Russia: Western sanctions, war in Ukraine exacerbate structural economic weaknesses

      19/9/2022 Research EN

      Russia: Western sanctions, war in Ukraine exacerbate structural economic weaknesses

      The Russian government, helped by the Bank of Russia, has used windfall export revenues to mitigate the immediate domestic economic impact of the war in Ukraine and sanctions, but the longer-term outlook has worsened.

      Webinar: Italy: Credit outlook after the elections

      19/9/2022 Research EN

      Webinar: Italy: Credit outlook after the elections

      Friday, September 30th 2022 - 10:00 PM (CEST) Please join our lead sovereign and financial analysts to discuss the credit outlook for Italy after the elections.

      Webinar: Outlook for Hungarian credits amid policy uncertainty, EU disputes, and energy crisis

      19/9/2022 Research EN

      Webinar: Outlook for Hungarian credits amid policy uncertainty, EU disputes, and energy crisis

      Thursday, September 29th 2022 - 3:00 PM (CEST) Join us for an in-depth discussion of our outlook for Hungarian sovereign, corporate and banking sector.

      Italy: institutional, political, market constraints to ensure broad post-election policy continuity

      16/9/2022 Research EN

      Italy: institutional, political, market constraints to ensure broad post-election policy continuity

      Political and economic constraints – domestic and European – will likely limit any new Italian government’s room for rolling back reforms and pursuing unorthodox economic or loose fiscal policies, containing risks to Italy’s BBB+/Stable ratings.

      Baltics: small, open economies face highest European inflation; underlying credit resilience intact

      15/9/2022 Research EN

      Baltics: small, open economies face highest European inflation; underlying credit resilience intact

      Skyrocketing inflation is undermining economic growth in the Baltic states. Without a solution to Europe’s energy crisis, the countries face continued elevated price pressure, given the limited impact of rate hikes and still tight labour markets.

      Hungary: policy uncertainty, EU dispute test fiscal flexibility, effective response to energy crisis

      9/9/2022 Research EN

      Hungary: policy uncertainty, EU dispute test fiscal flexibility, effective response to energy crisis

      Hungary, like much of Central and Eastern Europe, faces tough economic challenges linked to the war in Ukraine, but uneven fiscal consolidation and regulation, and the unresolved dispute with the EU, jeopardise the effectiveness of government's response.

      Türkiye: balance-of-payments tension rises; stopgap efforts to stabilise lira increase risks

      8/9/2022 Research EN

      Türkiye: balance-of-payments tension rises; stopgap efforts to stabilise lira increase risks

      The Turkish government’s prioritisation of short-run growth over sustainable economic policies ahead of next year’s elections continues unchecked. This increases risk of a severe financing squeeze unless authorities change course.

      Scope Group research - reader survey

      7/9/2022 Research EN

      Scope Group research - reader survey

      At Scope Group, reader feedback is important to us.

      UK: Truss government faces immediate fiscal credibility challenge amid tax, spending promises

      5/9/2022 Research EN

      UK: Truss government faces immediate fiscal credibility challenge amid tax, spending promises

      New UK Prime Minister Liz Truss’s tax-cutting and spending plans risk straining public finances and investor confidence if reforms do not also enhance fiscal credibility and preserve the independence of financial regulators and the Bank of England.

      Germany: fiscal strength and financial reserves sufficient to weather severe energy shock

      29/8/2022 Research EN

      Germany: fiscal strength and financial reserves sufficient to weather severe energy shock

      Germany has the fiscal buffers and adequate financial reserves to weather a severe energy shock, though material damage to growth prospects could result from the continued disruptions of Russian gas supplies and even higher energy prices.