Spain's consumer price index rose 4.9% year on year in September, its highest level since February 2023, while diesel has become more expensive than petrol on average.
Speaking at the IMF and World Bank meetings in Bangkok, Bank of England Governor Andrew Bailey said social media platforms face too little liability for criminal content. IMF chief Kristalina Georgieva warned that cyber fraud is eroding trust in finance.
Speaking at the IMF and World Bank annual meetings in Bangkok, the fund says AI spending has kept the world economy afloat, while energy costs, inflation and debt are shrinking room for policy.
Customs data show China's exports rose 36.3 percent in September and imports 31 percent, both beating analyst forecasts. The surplus for the first nine months reached $938.11 billion, on pace to top last year's record.
Confesercenti puts the cost of four years of international tensions and energy shocks at almost 52 billion euros of real GDP. Confindustria's research centre says Italian electricity averaged 35% more than in Germany over the first nine months of 2026.
The Royal Swedish Academy of Sciences named Robert Hall and Michael Woodford on Monday, 12 October, for work on the microeconomic foundations of macroeconomic stabilisation. The prize is worth 12 million Swedish kronor, about one million euro.
The revised framework totals 1.62 trillion euros and saves 141 billion euros against the Commission's initial proposal, with cohesion and agriculture taking the smallest reduction. The Commission criticised the cuts, and Portugal's prime minister said his country is not in a position to be optimistic.
Speaking in Bangkok on Wednesday, 14 October, Christine Lagarde said France must first address its bond market pressure through its budget, cooling talk of an ECB rescue while the 2027 budget faces an uncertain adoption.
Maputo says its temporary subsidy to transporters cannot run indefinitely, while a five-meticais fare rise has been announced and fuel import customs deadlines are extended to 31 December 2026.
The IMF says the UK must cut departmental spending to pay for an £11 billion annual defence bill, ahead of Chancellor John Healey's first Budget on 28 October.
The International Monetary Fund's semiannual Global Financial Stability Report, published on 13 October 2026, says markets remain resilient but risks are still elevated. It names an AI-driven market correction, a spike in sovereign bond yields and severe cyberattacks as the main near-term catalysts.
Investors are demanding more to hold French bonds, with the 10-year yield approaching 5% and foreign banks and investors holding about 36% of the debt. Allianz Research says the market's capacity to absorb large French bond trades has fallen more than 50%.
Brent crude rose 4.7% to $104.87 a barrel on Thursday, fuelling a global bond selloff that pushed UK 10-year gilt yields to 5.527%, their highest since July 2007.
Prices for goods and services rose 3.3% year on year in September, the highest rate since December 2023, as fuel and heating oil costs climbed while oil traded above $100 a barrel.
Italian workers who did not receive the full trattamento integrativo, the former Renzi bonus, can claim the shortfall through a 730 correction until 26 October 2026. Eligibility depends on income, tax deductions and the period worked.
The IMF projects 1.8% growth for Greece in both 2026 and 2027, below the government's draft budget. It expects inflation to rise to 4.2% this year from 2.9% in 2025, with energy costs feeding into prices.
The Bank of France confirmed on Monday, 12 October 2026, that it expects French GDP to have grown 0.1% in the third quarter. Business uncertainty rose sharply in September, with fuel prices the main concern.
Economy Minister Katherina Reiche lifted the 2026 economic growth forecast from 0.5% to 1.3%, citing infrastructure spending and export demand while warning of labour shortages.
Development Minister Takis Theodorikakos said Greece is preparing a holiday package of basic products, and that the profit-margin cap on thousands of product codes will be extended to the end of the year.
Speaking in Singapore ahead of the annual IMF and World Bank meetings in Bangkok, Kristalina Georgieva urged governments to rein in debt and broaden access to artificial intelligence technology.
The court told parliament the 2029 primary surplus target of 2.4% needs strengthening, while Istat reports that the recovery of wages against prices has stalled ahead of the 2027 budget.
The Bank of England said on Thursday that four British animals will replace Winston Churchill and other historical figures on its next notes. The choice followed a public vote that drew almost 500,000 people.
The International Monetary Fund now expects Romania's economy to shrink 0.5% in 2026, down from a 0.7% growth forecast in April. Inflation, unemployment and the current account deficit are all revised upward.
The IMF kept its 2026 growth forecast for Poland at 3.4% and raised 2027 by 0.1 point to 2.5%. Finance Minister Andrzej Domański said the forecast means Poland will overtake Switzerland in nominal GDP in 2027.
The Monetary Policy Council kept Poland's reference rate unchanged on 7 October, as Governor Adam Glapiński cited global energy shocks and pointed to gold reserves reaching nearly 673 tonnes.
The IMF now expects Portugal's economy to grow 2.1% in 2026 and 1.9% in 2027, both upgrades from its June estimates. The PCP confirmed it will vote against the 2027 State Budget, citing a public investment cut of more than 30%.
European bourses lost ground on 8 October 2026 as Brent crude climbed above $105 per barrel following Middle East shipping disruptions, while sovereign debt yields remained elevated in Europe and the United States.
The African Union launched the Africa Credit Rating Agency in Port Louis on Wednesday, establishing an independent entity to evaluate sovereign and corporate debt across member states.
Euro zone finance ministers opened the process to replace Isabel Schnabel, who leaves the ECB on January 3, 2027, while several ECB policymakers said they are in no rush to raise rates again.
Labour Minister Yolanda Díaz has ordered an advisory panel to submit 2027 minimum wage recommendations within three weeks, seeking to protect purchasing power and enact the increase before Spaniards vote on 29 November.
Ministers Simon Harris and Jack Chambers will present Ireland's Budget 2027 at 1pm, outlining €7 billion in spending measures and €1.65 billion in tax adjustments backed by a €6.9 billion fiscal surplus.
US employers added 29,000 nonfarm payrolls in September 2026, missing consensus expectations of 90,000 and lowering financial market expectations for a Federal Reserve interest rate increase in October.
Annual inflation rose from 6.17% in August after three months of deflation, with services up 11.12% and rents 39.46% higher than a year earlier.
Sovereign bond spreads across France and Italy widened against German Bunds on 2 October 2026, driven by French fiscal consolidation plans and a global reassessment of public debt trajectories.
Eurozone annual inflation rose to a three-year high of 3.8% in September 2026, exceeding forecasts after conflict in the Middle East drove energy prices up by 18.8%.
The Banco de Portugal upgraded its 2026 economic growth forecast to 2.3% from 1.8%, while Governor Álvaro Santos Pereira highlighted a national shortage of 300,000 homes.
German industrial orders fell 10.6% in August, reversing three months of expansion as large-scale contracts for aircraft, ships, and military vehicles dropped sharply.
Prime Minister Sébastien Lecornu presented the 2027 draft finance bills to rein in public debt at 119% of GDP, combining corporate contributions with 5.5 billion euros in savings from pensioners.
The National Bank of Poland set the euro at 4.3789 zł and the dollar at 3.9132 zł in its noon table on Thursday, while Polish bond yields moved and analysts pointed to growing bets on rate hikes in the United States and Europe.
The Polish government adopted its 2027 draft budget projecting a 281.2 billion PLN deficit, while net EU transfers will drop to 33.5 billion PLN following the expiration of post-pandemic recovery funds.