The Impact of Rising Global Energy Prices

Elevated energy prices in 2023 are expected to test global macroeconomic and political stability as the world continues to contend with exogenous shocks resulting from the Russian invasion of Ukraine. Some countries are expected to scramble resources to deal with the fallout of high energy prices, while others are positioning themselves to take advantage of energy price volatility, mostly as the EU seeks to minimise its overreliance on Russian oil and gas supplies.

This AKE Special Report examines the impact of rising energy prices on a selection of countries in 2023.