Europe's Energy Crisis
How a record spike in natural gas prices fuelled an inflation shock and reshaped the euro-zone economic outlook
The surge in natural gas prices triggered by Russia's invasion of Ukraine posed a formidable challenge to Europe's economy and its policy-makers. Prices have since fallen sharply, providing some relief, but are expected to remain well above pre-war levels in a still highly uncertain environment for markets and policymaking. Here you'll find our key coverage about what these price movements mean for Europe's economic outlook, for its energy strategy and for the European Central Bank.
Emerging Europe Economics Update
Russia’s gas squeeze: the impact so far and next steps
Russia’s squeeze on the gas market helped it to generate $50bn (6% of GDP) in total gas exports in the first half of this year, 2-3 times more than normal. Russia’s balance of payments is in such a...