Not only did people save more during the crisis, they also saved differently, channeling more money into equities and investment funds.
As 2020 draws to a close and we release our updated forecasts, our economists were caught day dreaming of a world where their boldest wishes would come true.
The Covid-19 vaccine will supercharge global growth in 2021, but short-term headwinds, and a complete recovery only by 2022, will create transition risks.
Two recent events have cleared the way for a second wave of spread tightening, leading them closer to their pre-pandemic levels.
We surveyed 1,181 companies across five countries and six sectors to gauge their experiences with disruption, and their plans to make supply chains more resilient.
Corporate credit pricing is currently inconsistent with fundamentals, especially for sectors with high net leverage and low interest coverage ratios.
At least 55% of the respondents in each of the seven countries we surveyed reported the pandemic to be the most impactful economic event of their lifetime
Part of Biden's program will entail reducing inequalities and redistributing wealth without over-penalizing companies
The political situation in the U.S. could be frozen until January 2021, even as government intervention is urgently needed to smooth the economic impact of a second Covid-19 wave.
Lockdown 2.0 in Europe embodies the stop-and-go strategy, which should follow epidemic cycles until a post-vaccine return to normal in 2022.
The dual circulation strategy is likely to take center stage in China’s 14th five-year plan as a way towards more sustainable growth, making the country less reliant on factors outside of its control.
We expect U.S. retail sales of sporting goods to hit an all-time high of USD48bn in 2020.
The recent widening of the transatlantic spread is due to a repricing of the inflation risk premium in view of the Fed’s average inflation target.
Is the U.S. economic recovery heading for a slowdown? Watch the first episode of our new video series on the impact of Covid-19 with Head of Economic Research Alexis Garatti.
China is already leading the pack in renewable energy and electric vehicles, but is lacking in Carbon Capture and Storage technology and subsidies for fossil fuels.