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Adi Imsirovic, Senior Research Fellow, Oxford Institute for Energy Studies, University of Surrey

Global economy 2023: how governments could make the energy crisis worse this year

Economy Oil European Union United States Vladimir Putin Europe G7 Gas Prices Inflation
Energy price crisis. i am adventure / Shutterstock

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

As 2022 drew to a close, EU energy ministers finally reached an agreement to cap gas prices at €180 (£159) per megawatt hour (MWh) following months of volatility that piled pressure on European businesses and households.

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