Energy
Our 3 calls for the global economy and energy prices
An overview of our current base case alongside potential upside and downside scenarios of what could be next for the global economy
Energy and commodity prices have taken over from Covid lockdowns as a key driver for the global economy and inflation developments across the world. Needless to say that at the current juncture, all forecasts are surrounded by unprecedented uncertainty. Therefore, we're continuing with our tradition of stress testing assumptions and central forecasts. What follows is an overview of our base case alongside both upside and downside scenarios for growth, inflation and central bank policy.
Three scenarios for energy prices
Source: Macrobond, ING
Three scenarios for the US economy
Source: Macrobond, ING
Three scenarios for the eurozone economy
Source: Macrobond, ING
Three scenarios for the UK economy
Source: Macrobond, ING
Three scenarios for China's economy
Source: Macrobond, ING
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8 December 2022
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more