Mar 03, 2022

Giving up gas imports from Russia, which account for 36% of total EU gas supply, will not be easy for Europe. We estimate the amount of energy at risk across the EU at almost 10% of final consumption.

Feb 24, 2022

The escalation of the conflict between Russia and the Ukraine is likely to have important economic and financial consequences through three main transmission channels — energy, trade, and the financial sector — depending how current and future sanctions will play out.

Feb 17, 2022

Is the middle class shrinking? The data suggest a heterogeneous picture, but genuine success stories are rare: In most countries, the situation of the middle class has deteriorated, especially with regard to its share of total wealth.

Feb 15, 2022

Strong cash balances (EUR690bn above pre-crisis levels in the Eurozone and more than USD765bn in the US), as well as rising profitability and capex, are cushioning most US and Eurozone companies from high input prices.

Feb 10, 2022

Carbon Farming is central in the EU strategy for capturing CO2 from the atmosphere and store it in natural sinks like forests or agricultural land. Yet to comply with the 1.5°C goal, the EU needs total investments of EUR185bn and an annual investment gap of EUR8.3bn needs to be filled.

Feb 09, 2022

The Chinese economy is experiencing a difficult start to 2022, driven by renewed Covid-19 outbreaks. Even if the sanitary context eases, private consumption is likely to remain below the pre-pandemic trend level in 2022. The flailing domestic leg should be supported by further policy rate cuts, public investment in infrastructure and temporarily laxer regulation. The external leg should remain robust. All this should bring the Chinese economy to a stronger footing in H2 2022. Beyond that, achieving “common prosperity” could imply a volatile medium-term growth pattern, depending on how policies are implemented and communicated.