The Bank of England believes the UK's unemployment rate will climb from 3.6% to 5.5% over the next three years

The euro is likely to test its lowest point of the past 20 years too, of $1.04, hit at the end of 2015

Markets now expect at least three rate hikes of 25 basis points before the year is out, possibly starting as early as July

Both the real economy and prices are showing rapid growth

The OECD says its analysis shows that if the moves in commodity prices and financial markets seen since the outbreak of the war proved sustained, it could reduce global growth by over 1 percentage point in the first year and push up global inflation by 2.5 percentage points.

The eurozone economy is more exposed than others to the crisis, given its closer links with Russia, including its reliance on oil and gas imports from there

Uncertainty in regard to Ukraine is a factor that markets will have to contend within the coming weeks

The Bank of England is anticipating a sharp slowdown in consumer spending

Energy prices, a record low unemployment rate and supply chain issues have contributed to higher inflation

The Fed needs to move to a neutral policy quickly and a restrictive stance later in the year if inflationary pressures do not abate.