Jun 04, 2020

The economy needs to be jump started while maintaining a flat infection curve and concurrently bending the global temperature increase to stay within the 1.5 degrees warming limit.

Jun 02, 2020

At the end of H1 2020, we estimate the net savings of EU non-financial corporates, i.e. cash from operating activities, to have doubled to over EUR700bn, or more than 4.5% of GDP.

May 28, 2020

Analyzing 70 pension systems in terms of sustainability and adequacy, only a handful of countries have already made their pension system demography-proof, above all Sweden, Belgium, and Denmark.

May 25, 2020

Q1’s strongest contraction in merchandise trade since Q1 2009 is only the first part of the story. Our proprietary Trade Momentum Index shows that Q2 is likely to see an even stronger contraction. Indeed, April could post a -13% y/y drop.

May 20, 2020

In response to the Covid-19 crisis, gross financing needs could amount to EUR800-900bn for the Eurozone, and only part of it will be covered by the issuance of long-term bonds. Next to state guarantees — depending on how much they translate into actual financing needs — these needs include discretionary spending (investments, tax cuts etc.), and additional expenditure on social security (automatic stabilizers). As a result, public deficits will increase.

May 19, 2020

On 18 May German Chancellor Angela Merkel and French President Emmanuel Macron proposed the set-up of a one-off EUR500bn strong (3.6% of 2019 EU GDP) recovery fund to help those economies hit hardest by the Covid-19 pandemic.