Flux Publicationshttps://economic-research.bnpparibas.com/Media-Library/en-US/European-households-purchasing-power-Facing-energy-shock-10/27/2026,c45356lucie.barette@bnpparibas.comEurozoneInflationConsumption and purchasing powerEuropean households are now facing a new energy shock, following that of 2022. Since the start of the year, Eurozone inflation has climbed from 1.9% y/y in February to 3.8% in September. Energy is the main driver, in the wake of the conflict in the Middle East. The shock is feeding straight through to consumer prices, mainly via fuel and gas prices.Tue, 27 Oct 2026 00:00:00 +0100© BNP Paribas - 2016https://economic-research.bnpparibas.com/Media-Library/en-US/Global-Economic-Outlook-Resilience-Under-Pressure-10/6/2026,c45283helene.baudchon@bnpparibas.comFiscal policyMonetary policyEconomic growthInflationIt was true at midyear, and it remains true this fall: the global economy continues to show remarkable resilience, with tailwinds continuing to prevail in their tug-of-war with headwinds.We believe these tailwinds will persist and ultimately win, leading to an acceleration in growth in 2027, particularly in the largest advanced economies. But there are some downsides to the situation, the tug-of-war remains tough, and risks are numerous. Here is a brief overview of our recently updated economic forecasts and their key messages.Tue, 06 Oct 2026 00:00:00 +0200© BNP Paribas - 2016https://economic-research.bnpparibas.com/Media-Library/en-US/Final-months-RRF-Which-Central-European-countries-expecting-biggest-inflows-growth-impact-7/30/2026,c45171cynthia.kalasopatanantoine@bnpparibas.comFiscal policyEmerging EconomiesThe Recovery and Resilience Facility, or the so-called RRF, has been drawing heightened attention lately as two deadlines are looming: August 2026 for reform milestones and December 2026 to secure all disbursements. The stakes are high. Countries failing to fulfill the EU’s reform milestones risk losing entitled funds. Thu, 30 Jul 2026 00:00:00 +0200© BNP Paribas - 2016