Romania’s PM-designate promises reforms to help business as he urgently seeks support
As time runs out for Eugen Tomac to win backing in the Romanian parliament, he tells POLITICO that austerity must continue, amid fears of a new economic crisis.
3 BMO: The section on #inflation outlined the improvement in core #CPI and that there's been little evidence of pass-through from high #energyprices. Still, #oilprices remain elevated and subject to headline volatility, which drives upside risk
#BOC#cdnecon
The president has sporadically threatened additional military action since taking out Iran’s leadership in February, but has avoided full-scale attacks.
Eon estimate our energy bill will increase by 8.6% in July. I imagine many will have bigger increases. At the same time, forecasters believe pay will increase by just 3%. Inflation expected to be at 4-6% by the end of the year (if you believe the figures). Businesses are desperate to cut pay and recruit on as little as possible. This whole economic situation is not sustainable. #EnergyPrices#uk#ukpolitics