Person

Andrew Kenningham

Chief Europe Economist, Capital Economics

3 articles · 2 September 2025 to 21 May 2026

What we have reported

Said the PMI data does nothing to deter the ECB from a 25 basis point rate hike in June.
Assessed contagion risks as manageable for now but warned a deepening French crisis could question the viability of the European project.
Said the ECB will almost certainly leave rates unchanged at next week's meeting and for several months beyond, noting services inflation fell to its lowest since March 2022.

Coverage

3 of 3 in the archive

Business

Iran war drives eurozone into sharpest contraction since 2023 as energy costs surge

Flash PMI falls to 47.5 in May while input price inflation hits three-and-a-half-year high, forcing ECB to weigh June rate hike against mounting recession risk.

Tomás Lindqvist21 May 20267 min read

Europe

French political chaos drives bond spreads above Italy for first time in euro history

Prime minister Sebastien Lecornu resigns after 14 hours as French borrowing costs spike and OAT yields exceed Italian BTPs, exposing a €3.35 trillion debt pile the EU has long ignored.

Clara Devereux6 September 20257 min read

Europe

Eurozone inflation ticks up to 2.1% in August, keeping ECB on hold

Flash estimate beats expectations as services inflation eases to lowest since March 2022; analysts see no rate move at next week's meeting

Peter van den Berg2 September 20257 min read

Others in the news

Ursula von der Leyen
President of the European Commission
Friedrich Merz
Chancellor of Germany
Donald Trump
President of the United States
Emmanuel Macron
President of France
Christine Lagarde
President of the European Central Bank
Viktor Orbán
Prime Minister of Hungary
Volodymyr Zelenskyy
President of Ukraine
Kaja Kallas
High Representative of the Union for Foreign Affairs and Security Policy
Mark Rutte
Secretary General of NATO
Péter Magyar
Prime Minister of Hungary
Henna Virkkunen
Executive Vice-President for Tech Sovereignty, Security and Democracy
Keir Starmer
Prime Minister of the United Kingdom

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What we have reported

Coverage

Others in the news

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