COGNICURRENT

The IMF has reduced its growth forecast for Spain to 2.1% for this year, attributing the change to the impact of the war in Iran.

The Bank of Greece has revised its inflation forecast upward due to the economic impacts of the Middle Eastern conflict, while also lowering its growth expectations for this year.

Businesses in Norway expect a wage growth of 4.2% in 2026, which may influence interest rate policies according to economic forecasts.

The Polish job market is experiencing a decline in average salary growth, which is below forecasts and the lowest it has been in five years.

The Federal Reserve maintains its forecast for one interest rate cut this year, but increased uncertainty in the Middle East may lead to a delayed decision.

Sweden's Riksbank has decided to keep the interest rate unchanged at 1.75 percent while significantly lowering growth forecasts for the year.

The US Federal Reserve has kept its current interest rate steady at 3.50–3.75% and forecasts one more rate cut this year, but concerns arise regarding the implications of prolonged conflicts in the Middle East on economic stability.

Polish economists are revising their economic forecasts in light of the impacts of the Middle East conflict, projecting higher inflation rates due to rising energy prices and economic disruptions.

Luminor's forecast indicates slight growth for the Estonian economy, but its pace and sustainability remain uncertain.

The increase in oil prices could potentially reduce Estonia's economic growth forecast, with inflation's impact still uncertain.

Jim Chalmers reports that Australian households will face increased cost-of-living pressures and inflation is anticipated to rise beyond 4.5% due to global uncertainties.

An updated inflation forecast predicts a rise to 3.2% in 2026 due to increased energy prices and global inflation pressures related to the Middle East conflict.

The prolonged conflict in the Middle East may significantly impact food and commodity prices, warns Pellervo Economic Research Institute (PTT).

Nordea predicts that housing prices in Finland will continue to decline this year but are expected to increase by 1.5% next year, with ongoing challenges due to the Middle East conflict impacting demand.

The DIW (German Institute for Economic Research) has adjusted its economic forecasts, anticipating that the conflict in the Middle East will moderately slow down the German economy and increase inflation.

Finland's Ministry of Finance is grappling with significant challenges in formulating an accurate economic growth forecast amid heightened uncertainty due to the Iran conflict.

Rachel Reeves affirmed that Labour has the appropriate economic strategy while announcing a downgraded growth forecast for 2026 amidst rising global uncertainty.

The UK's economic growth forecast for 2026 has been downgraded, while unemployment is expected to peak this year before declining in the subsequent years, according to the chancellor's spring statement.

Rachel Reeves is set to respond to the Spring Forecast from the Office for Budget Responsibility, amid concerns that the ongoing crisis in the Middle East could lead to inflation spikes in the UK due to rising energy prices.

Chancellor Rachel Reeves is set to present her spring economic forecast to the Commons, emphasizing the strengths of the UK's economy and the impact of global uncertainties.

The Polish industrial sector reported its lowest PMI index in six months at 47.1 points, disappointing economists and signaling potential economic challenges ahead.

South Africa's economy is expected to grow by 2% by 2028, indicating a positive outlook following a 2.1% growth in 2022, largely due to recovery from the pandemic.

The Bank of Mexico has raised its GDP growth forecast for this year from 1.1% to 1.6%, citing economic strength as the main reason for the adjustment.

A strategic forecast suggests that by 2026, geopolitics will play a more direct role in shaping the business environment, necessitating a shift in corporate strategies and decision-making.

Mexico's economic forecast indicates a stable year ahead, with cautious monetary policies and the rise of nearshoring expected to positively impact growth.

The Bank of Korea has revised its GDP growth forecast for the year to 2% while keeping interest rates steady at 2.50%, amid concerns over increasing economic polarization.

The Bank of Korea has revised its economic growth forecast for the country from 1.8% to 2.0% for this year.

The Bank of Korea is set to introduce a new conditional interest rate forecast model similar to that of the U.S. Federal Reserve, presenting future rate expectations in a dot plot format to enhance clarity and predictability.

The gold price remains around $5,000, influenced by geopolitical tensions, holidays, and supply-demand dynamics, while the dollar shows moderate gains against other currencies.

The US national debt is projected to exceed 100% of its GDP this year, with an alarming forecast of over $56 trillion by 2036 due to various factors including increasing social program costs and rising interest payments.

Industrial production in Poland fell by 1.5% in January, disappointing analysts' forecasts of a 2.8% increase.

Latvia's Ministry of Finance has raised its GDP growth forecast for 2026 to 2.6 percent, reflecting stronger-than-expected economic performance.

Latvia's Finance Ministry has increased its GDP growth forecast for 2023 from 2.1% to 2.6%, attributing this to stronger economic performance in 2022 alongside expectations of higher inflation.

Analysts suggest that the recent interest rate hike by the Reserve Bank of Australia may not signify a trend, indicating a possible one-off adjustment in monetary policy.

Slovakia's tax revenues are projected to be 600 million euros lower than budgeted, largely due to weaker economic growth and declining wage increases.

The Banking Association of Czechia has revised its forecast for economic growth this year, indicating a more optimistic view of the country's economic performance.

The Banking Association in Czechia has revised its economic growth forecast for the year to 2.6 percent.

Slovakia's Budget Council has lowered its economic growth forecast for this year to below one percent, prompting ministers to develop strategies for economic stimulation.

Work absenteeism in Spain's construction sector has doubled over the last decade, leading employers to forecast an annual cost of 3.5 billion euros.

Brazil's Ministry of Finance has slightly downgraded its economic growth forecast for 2026 while raising its consumer inflation estimate for the same year.

The Bank of Mexico has decided to keep interest rates steady for the first time since June 2024 amid worsening inflation forecasts, a decision widely anticipated by the market.

According to the World Bank's latest forecasts, Croatia's economy is expected to grow by 2.9% in 2026, matching Bulgaria's growth.

Despite Western security guarantees for Ukraine, the country remains heavily reliant on financial aid as a ceasefire with Russia seems far off amidst ongoing aggression and lack of dialogue from Moscow.

Even as Spanish tourism enjoys a promising year with expectations of surpassing 100 million visitors, concerns linger about future performance, according to Mesa del Turismo de España.