Geopolitical Chaos and Slowing Global Growth to Affect Short-term Progress
22-Nov-2023
Europe
Tracker
PF99-01-00-00-00
MX_2023_346
Developed economies in Europe are facing elevated price pressures and a tight credit environment amidst subdued global growth in 2023. Persistent inflation, climate change's adverse impact on the tourism industry, slowing export demand, and geopolitical chaos are key factors likely to weigh on near-term growth momentum. A significant cutback in oil production in 2023, coupled with regional tensions like the Israel-Gaza conflict, will affect the near-term performance of Saudi Arabia and the United Arab Emirates. Supernormal profits from last year’s high oil revenues will support the diversification efforts and foster employment generation. Regional medium-term growth will be determined by the oil price movements resulting from the new conflict and its spillover effects on neighboring countries and their local economies.
Country coverage includes developed European and key Middle Eastern economies.
Developed European economies:
• Austria
• Belgium
• France
• Germany
• Italy
• The Netherlands
• Poland
• Portugal
• Spain
• Switzerland
• The United Kingdom
• Denmark
• Sweden
• Norway
• Finland
Key Middle Eastern economies:
• The United Arab Emirates
• Saudi Arabia
Sector coverage includes key macroeconomic indicators; manufacturing; food and beverage; chemicals; pharmaceuticals; plastic; mining; electricity; construction; agriculture; and healthcare.
Indicator coverage includes real GDP growth; private consumption expenditure; household expenditure on food, clothing, and electricity; inflation; business confidence; consumer confidence; composite leading indicator; manufacturing purchasing manager’s index (PMI); composite PMI; construction PMI; service PMI; index of industrial production (IIP); value-add by industry; IIP by industry; healthcare spending; retail sales index; building permit index; and number of buildings/dwellings.
The study also includes the following:
• Yearly data: 2018–2023
• Quarterly data: Q1 2018–Q3 2023 (select indicators)
• Monthly data: January 2018–September 2023 (select indicators)
Developed European Economies and Key Middle Eastern Economies—Growth Opportunities, 2018–2023
- Developed European Economies and Key Middle Eastern Economies—Growth Opportunities, 2018–2023
Speak directly with our analytics experts for tailored recommendations.
Recent related Macroeconomics research
15 Sep 2026 | South Asia, Middle East & North Africa | Market Research
Future of Growth and Emerging Opportunities in the Gulf Cooperation Council, 2025–2030
The GCC has entered a period of strategic economic transformation as governments accelerate diversification efforts, strengthen economic resilience, and reduce dependence on hydrocarbon revenue amid heightened geopolitical uncertainty and evolving global trade dynamics. While the implications of the...
02 Jul 2026 | Global | Megatrends
Trend Opportunity Profiles—Economic Trends
The Economic Trend Opportunity Profiles (TOPs) series captures a structural shift in the global economy where national competitiveness is increasingly defined by control over AI capabilities, digital infrastructure, industrial capacity, and secure data ecosystems. Across AI-led productivity, smart m...
07 May 2026 | Global | Market Research
Global Risk Mapping and Industry Resilience Strategies, 2026–2027
This macroeconomic thought leadership examines the most critical global risks shaping business performance in 2026–2027, with particular focus on the ongoing Middle East conflict and its cascading impacts on energy markets, shipping routes, inflation, and global supply chains. As geopolitical instab...
06 May 2026 | Global | Market Research
Global Economic Transformations for 2026 (Q2 Update)
Global economic conditions in Q2 2026 are defined by heightened geopolitical stress, energy market volatility, and supply chain and trade disruptions. The outbreak of the US–Iran conflict has altered the global growth trajectory, trimming roughly 0.3 percentage points from annual expansion (compared...
29 Apr 2026 | Global | Market Research
Global Supply Chain Transformations Emerging from Geopolitical Flashpoints and Trade Shifts, 2025–2027
Global supply chains are undergoing a structural reset as geopolitical conflicts, trade fragmentation, and policy intervention increasingly shape how goods are produced, financed, and moved across borders. The transition away from globally optimized, cost-led supply chains to regionally embedded ope...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Tracker |
|---|---|
| Author | Nikita Talnikar |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Economic Trends Analysis |
| Keyword 2 | Middle East Economic Forecast |
| Keyword 3 | European Economic Outlook |
| Podcast | No |
| WIP Number | PF99-01-00-00-00 |