“The surge in energy costs will have the greatest impact on Italy, where inflation in the fourth quarter of this year could rise by more than 1 percentage point compared to the consultancy firm’s previous forecasts.” This is highlighted by Financial Times primarily based on an evaluation carried out by Oxford Economics. «The Eurozone as a complete and the UK will see a rise of greater than half a share level in anticipated inflation. In distinction, inflation within the United States within the fourth quarter will enhance by simply 0.2 share factors, whereas Canada would be the least affected nation, in keeping with the evaluation.”
«Donald Trump’s attack on Iran will deal a harder blow to European and Asian economies than to the United States itself, which will be partly cushioned from the effects thanks to its large domestic energy sector, analysts say. The United States has been a net exporter of natural gas since 2017 and of oil since 2020, according to official data, meaning that its energy sector benefits from rising prices, even if the average American family will be hit hard by rising gasoline prices,” writes the Ft.
“In contrast, European and Asian economies that rely on energy imports are facing a much steeper surge in inflation, in part because natural gas prices in those markets are more volatile than in the United States and have already risen, and the fuel is crucial in their domestic energy markets,” the newspaper highlights.
«Last week, Brent crude jumped nearly 30% following the outbreak of war, while European gas prices ended the week up about two-thirds. The gains were driven by fears of a prolonged disruption to shipping through the Strait of Hormuz, a key artery for energy traffic, as well as production losses elsewhere in the Middle East.”
https://www.ilsole24ore.com/art/ft-impennata-costi-energetici-avra-impatto-maggiore-italia-AIIVs5qB