Economic Report
The reopening of euro area economies has spurred economic activity. Eurozone GDP grew with 2% q/q in 2021Q2. The recovery should be sustained in the coming quarters. The Delta variant is mainly a risk for the outlook of tourism dependent economies.
Special
Agriculture is a major emitter of greenhouse gases. The sector can also play a key role in fighting climate change due to the potential of carbon sequestration in soils. Verified carbon credits can be an effective mechanism in this regard. Banks can provide supply-side and demand-side solutions.
Special
Strong economic recovery by advanced economies is leading to increasing inflation expectations. Tighter monetary policy in advanced economies potentially threatens emerging market economic recovery. Our vulnerability Heatmap provides a comprehensive overview of important economic indicators to signal potential vulnerabilities in 18 economies.
Special
The Carbon Border Adjustment Mechanism introduces a carbon levy on some EU imports. It should help create a carbon level playing field for EU producers. The EU seems to prefer international cooperation on climate, but will move forward if partners move too slow.
Special
The German economy will recover quickly, driven by foreign- and pent-up demand. Its traditional unease with soaring prices will be tested. The September election is going to be crucial: Germany faces some tough decisions.
Economic Report
The Australian economy continues to perform well and is back at pre-Covid levels, although the delta variant currently poses new challenges. The RBA doesn’t expect wage growth to occur for long despite the tightening labour market, which would make the continuation of very accommodative policy no surprise.
Economic Report Dutch version
The Dutch economy is reopening more rapidly than previously communicated by the government and this goes hand in hand with a pick-up in economic activity.
