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2022/10/07 / Ceska Sporitelna Research

EU News Monthly October 2022

In the second quarter of 2022, seasonally adjusted GDP increased by 0.7% in the EU compared with the previous quarter. In the first quarter of 2022, GDP had grown by 0.8% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 4.2% in the EU in the second quarter of 2022.

The British monarchy officially has a new monarch after the Accession Council proclaimed Charles III king. This happened during a solemn ceremony at London's St. James's Palace, where the king, in the presence of hundreds of representatives of elected institutions, swore to preserve the Church of Scotland. The state funeral of Queen Elizabeth II was held on 19 September at Westminster Abbey.

Right-wing parties dominated the elections in Italy. The right-wing bloc won early parliamentary elections in Italy with roughly 44 percent of the vote. Giorgia Meloni from the Brothers of Italy party will become the prime minister.

In 2021, total road freight transport in the EU increased by 7% in terms of tonne-kilometres compared with 2020. This shows a recovery from the transport situation in 2020.

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General information

AuthorCeska Sporitelna Research
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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