ING Economic and Financial Analysis

Coffee prices have traded to the highest levels since 2014 as worries grow over the forthcoming Brazilian crop following drought and frost. A tight coffee market should continue to support prices....

USD Corporate net supply will increase on the back of lower redemptions in 2022, despite forecasting slightly lower USD supply of US$650bnLower corporate supply expected in 2022, but increased net...

Disruptions in global value chains weighed on Central and Eastern Europe in the third quarter and the Delta variant blurs the outlook for the fourth. Yet the 2022 activity outlook remains sound....

The USDA has revised higher corn inventory estimates on the back of higher production in the US and elsewhere. Global stock estimates for soybeans have been revised down on stronger demand; although...

Inflation pressures are broadening and intensifying through every sector of the US economy. At the same time, Covid is waning and activity is rebounding. This heady mix is set to ensure a swift...

After a strong third quarter, eurozone growth is likely to decelerate on the back of supply chain troubles, high energy prices and a pick-up in Covid-19 infections. Inflation continues to surprise on...

The number—and severity—of new government policies have eased after an abrupt stoppage of electricity in some areas due to a sudden shut down of electricity generators. November could be...

The US debt ceiling drama is back with its usual political farce. Unfortunately, it matters. ‘Extraordinary measures’ are keeping the show on the road for now. But any delay to a budget...

Widespread flooding, tough social-distancing measures at ports, chip shortages and far tighter regulation in some industries—these are all big challenges facing the Chinese economy right now....

While no Federal Reserve policy changes are expected in July's meeting, we could hear more about the tapering discussions that started in June. The volume surrounding this issue is likely to be turned...

It will still take some time to fully measure the full impact of the devastating floods in the Western parts of Germany (as well as in Belgium and the Netherlands). Often, the impact on the total...

The BoC reduced weekly bond purchases by another C$1bn, to C$2bn, as it delivered a broadly upbeat message on the recovery and left its forward guidance for 2H22 unchanged. We think the Bank will end...

All eyes will be on the July ECB meeting next week, and its possible shift towards a dovish bias. While this would be negative for the euro, the cautious ECB would give some helping hand to cyclical...

With the RRR cut, a partial rollover of the MLF and weaker economic data, we believe that the risks to economic growth are mounting for China. We discuss these risks and the possible policy actions...

The minutes to the June Federal Reserve FOMC meeting reinforce the message that we are set for a tapering of QE asset purchases this year, but the form and speed it takes will be driven by the...

Power prices are notoriously volatile and hard to predict. But they are an important value driver of investment in the energy system. This article provides a conceptual framework to analyze power...