Economic Insights

Over the past couple of months, the US, Europe, China, and other countries in Asia have been faced with record high temperatures. Climate change will increase the frequency and intensity of extreme hot weather, making heat waves, droughts, and wildfires the “new normal”.

Metals and critical minerals such as lithium, cobalt and nickel are crucial for the green transition.

What to watch: Public debt amid lower inflation, further rising interest rates in the UK and the start of monetary easing in Latin America

There is a persistent financial literacy gender gap

The Fed has contributed to lowering inflation by cooling aggregate demand growth and keeping inflation expectations anchored.

Will surging travel prices wash out Southern Europe's all-important summer season?

Over the next few years, the Eurozone could become trapped by a combination of weak fundamentals and excessive policy interventions.

Unlike in past economic downturns, spending on non-durable goods (predominantly food, but also electricity and car fuel) has fallen the most.