Germany's constitutional court: reincarnation under the climate veil of ignorance
In recognizing that the fiscal burdens from Germany’s ambitious climate policies pile up only after 2030, its Constitutional Court could spark a tectonic shift for future climate action.
Investment is back: Harder, better, faster, stronger?
In the short run, a demand catch-up and the reduction in spare capacities will drive a business investment recovery. But it could take up to four years to return to long-term growth trends.
Unleashing excess foreign exchange reserves to boost growth in Latin America
In 2021, Latin American countries could be holding "excess" FX reserves of around 8.8% of GDP, with an opportunity cost to economic activity as high as 0.7% of GDP.
Biden’s USD2.3trn ‘Build Back Better’ plan represents the second stage of a three-phase stimulus rocket and will be a long-term driver of growth in the US.
