By Eleftherias Kourtalis Further devaluation of the euro is a sure “bet” according to analysts, as the jump in the price of natural gas and the worsening energy crisis in Europe, combined with the onset of recession, “trap” the common currency on a one-way path of weakness . In fact, according to ING estimates, the […]
Tag: ING
ING: How likely is a new debt crisis? In the ‘danger zone’ Spain, France, Belgium, Italy and Greece
Her Eleftherias Kourtalis A decade after the last eurozone crisis, fears of another crisis have intensified again, notes ING, with Spain, France, Belgium, Italy and Greece in the “danger zone”. After the great shock of the pandemic and in the midst of a war on European soil, it is easy to draw parallels with the […]
Goldman Sachs, ING, Capital Economics: How at risk is the status of the euro – Where will the exchange rate against the dollar go
Her Eleftherias Kourtalis Fears of a recession, of a deepening of the energy crisis due to the interruption of Russian natural gas flows as well as the disputes within the European Central Bank regarding the course and size of interest rate increases as well as the form of the new tool against of fragmentation – […]
ING: Strong tourism will help Greece weather the ‘storm’ of inflation
Her Eleftherias Kourtalis Double-digit inflation will likely weigh on domestic consumption, but strong tourist inflows in the summer will help keep the Greek economy from derailing, ING said. As he points out, the Greek economy started 2022 on a strong footing, with all components of demand contributing positively to growth in the first quarter. Despite […]
SocGen, Citi: How well-founded are the hopes for an upgrade of Greece today by Fitch
Her Eleftherias Kourtalis Following the recent moves by S&P and DBRS which brought Greece just one rung ahead of investment grade, keeping within reach the government’s goal of regaining this milestone by 2023, the market hopes that similar positive news will be “heard” ” and from Fitch today. However, both Société Générale and Citigroup estimate […]
ING: ‘Temporary’ recession scenario in the eurozone possible – Greece ‘champion’ in inflation
Her Eleftherias Kourtali ING maintains a stable assessment of growth in Greece this year, as noted in its new report on the outlook for the global economy, placing it at 2.9%, while it continues to see a recession in the second and third quarters of this year in some European economies and estimates that the […]
ING: The peak of inflation in the second quarter ‘raises’ the bar for growth in Greece
Her Eleftherias Kourtali ING is slightly upgrading its assessment of growth in Greece this year in the context of its new report on the outlook for the global economy, placing it at 2.9% from 2.6% a month ago, while it even sees recession in some quarters this year in eurozone economies with all countries, however, […]
ING: The three scenarios for energy prices and the impact on the economy
Her Eleftherias Kourtali ING’s new baseline scenario is that oil prices will remain above $ 100 / barrel throughout 2022, while gas prices will remain high as the EU competes for LNG supply. This is likely to see European economies flirt with the recession this summer. The two alternative scenarios show how the macroeconomic landscape […]
ING: Greece is now in a new regularity with the launch of investments
Her Eleftherias Kourtali After a very strong recovery with “driver” consumption in 2021, the Greek economy will move to a new normality this year, where investments will have a more visible role, supported by the inflows of funds from the Recovery Fund, as noted by ING in its current analysis. The recovery of the Greek […]
Oliu will leave his executive duties at Banco Sabadell with the arrival of González Bueno as the new CEO
The Chairman of Banco Sabadell, Josep Oliu, will leave his executive duties with the incorporation of Casar González Bueno as the new CEO to replace Jaume Guardiola, who retires after thirteen years as chief executive of the entity. The information has been advanced by the newspaper El PaÃs. The changes in the leadership of Banco […]