NEWS

Latest updates

• Truss resigns after shortest-ever prime ministerial term

  • Liz Truss has resigned as Conservative Party leader and prime minister after just 45 days in office, pending a leadership election. This makes her the UK’s shortest-serving prime minister, with her campaign for leadership lasting longer than her actual premiership.
• Promising outlook for GCC construction sector

  • The construction industry in the Gulf Co-operation Council (GCC) is poised for a sustained period of growth, which will provide new and ample opportunities for domestic and foreign contractors, consultants and suppliers.
• Global Outlook: China’s Communist Party congress

  • In EIU’s latest global outlook video Agathe Demarais, the EIU’s global forecasting director, and Nick Marro, our lead for global trade and China analyst, discuss some key takeaways from China’s Communist Party congress and what these mean for the country’s economic outlook.
• Sturdy consumption and export growth buoy Indonesia’s GDP

  • According to data published by Statistics Indonesia, real GDP expanded by 5.7% year on year in the third quarter of 2022 (on a non‑seasonally adjusted basis), accelerating from 5.5% in April-June.
• Global Outlook: takeaways from the US midterms

  • In EIU’s latest global outlook video, global forecasting director, Agathe Demarais, and our global economist, Cailin Birch, discuss some of the key takeaways from the recent US midterm elections.
• G20 summit indicates Russia’s growing isolation globally

  • On November 15th-16th G20 heads of state held a summit in Bali, Indonesia, focusing on confronting shared challenges for developed and developing economies, such as the climate crisis, and global food and energy insecurity. However, geopolitics dominated, owing to spillover risks from the war in Ukraine and heightened tensions between China and the West.
• Measuring opportunity and risk in major energy markets

  • Despite Russia’s invasion of Ukraine disrupting energy markets, EIU forecasts that consumption in 69 of the world’s major economies will increase from 13,470m tonnes oil equivalent (mtoe) in 2021 to 15,109 mtoe by 2031.
• New York and Singapore rank as the world’s most expensive cities

  • EIU’s Worldwide Cost of Living survey has seen prices shoot up by 8.1% year on year on average in 172 major cities worldwide.
• Energy transition will move slowly over the next decade

  • EIU forecasts that, despite the need to tackle climate change, the energy transition will proceed at a snail’s pace over the next decade.
• Global operational risk review—are there upside risks?

  • Russia’s invasion of Ukraine and tensions surrounding Taiwan have increased the likelihood of a major attack on critical infrastructure such as gas pipelines, telecommunication cables or a national electrical grid.

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