Week Ahead In Economics

This report outlines global economic expectations for the week of July 13-17, 2026, focusing on inflationary risks driven by energy prices and upcoming central bank policy decisions.

Key Takeaways

• 1.Rising oil prices due to US-Iran tensions have increased inflationary risks, prompting market expectations for ECB rate hikes.
• 2.The US Fed remains hawkish; upcoming June CPI and PPI data are critical for determining the probability of a rate hike in July.
• 3.China's economic growth is cooling due to weak domestic demand and property activity, with 2Q growth expected at 4.4%.

Table of Contents

• Week Ahead in Economics
• United States: Inflation Key Going into the July Fed Meeting
• The Week in Review
• Euro area: Iran war brings ECB hikes back on the table
• United Kingdom: Labour MPs coalesce around Burnham
• Asia Pacific: China growth weaker; BoK to hike; India CPI higher
• Latin America: Brazil's economy remained on course for a slowdown in 2Q26

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