Macro Analysis /
Global

Higher European gas prices will depress consumption and increase social tensions

  • Record-high gas prices a shock to disposable income when the negative effects of the pandemic are still sizeable

  • A combination of higher demand and supply constraints has driven European wholesale natural gas prices to record highs

  • The crunch on households’ finances may result in increasing social tensions

Higher European gas prices will depress consumption and increase social tensions
IHS Markit
5 October 2021
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