Jan 17, 2023

Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession. Macroeconomic developments such as inflation, financial market volatility and a looming recession, as well as the impact of the Energy crisis are the top risers in this year’s list of global business risks.

Jan 13, 2023

The proposed increase of the statutory early retirement age to 64 years from 62 in France does not address long-term deteriorating demographic and funding prospects.

Jan 10, 2023

Total gross financial assets in Asia reached a new record high, but the share of life and pension assets in private households’ portfolios kept declining. Total gross financial assets increased by +9.4% and reached a new record high of EUR62.4trn in 2021, 25% above the corresponding figure for Europe.

Dec 15, 2022

Since our last quarterly economic update in September, the deteriorating energy crisis and a challenging policy mix have confirmed our forecast of slowing growth, sticky inflation and rising interest rates.

Dec 09, 2022

Between the end of World War II in May 1945 and Russia’s attack on Ukraine in February 2022, Europe has enjoyed an exceptionally long period of peace on its soil: 77 years.

Dec 08, 2022

Over the last decade, zero interest rates in Europe did not hold back growth in private households’ financial assets, particularly in Germany (+5.2%). However, the growth drivers were quite different between countries: Whereas German households relied on fresh savings (mainly out of earned income), most other countries benefited from value gains (i.e. the rising prices of securities).