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2022/03/08 / Ceska Sporitelna Research

EU News Monthly March 2022

The European Union is preparing further sanctions on Russia. Russia's invasion of Ukraine will likely impact EU growth negatively, including through repercussions on financial markets, further energy price pressures, more persistent supply-chain bottlenecks and confidence effects.

In an effort to reduce its dependence on microchip imports, the EU will release 11 billion euros to support their development in Europe.

In the fourth quarter of 2021, registrations of new businesses in the EU increased by 1.6% compared with the previous quarter. On the other hand, declared bankruptcies decreased by 0.7%.

EU annual inflation was 5.6% in January 2022, up from 5.3% in December. A year earlier, the rate was 1.2%. The lowest annual rates were registered in France (3.3%), Portugal (3.4%) and Sweden (3.9%). The highest annual rates were recorded in Lithuania (12.3%), Estonia (11.0%) and Czechia (8.8%).

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General information

AuthorCeska Sporitelna Research
Date2022/03/08
Languageen
Product nameEU News Monthly
Topic in focusFX, Macro/ Fixed income
Economy in focusCzech Republic
Currency in focusCzech Koruna
Sector in focus-
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