The current reform proposal in France has been met with considerable anger, seen as the end of savoir vivre. But the truth is that the reform barely goes far enough.
Total gross financial assets in Asia reached a new record high, but the share of life and pension assets in private households’ portfolios kept declining.
The deteriorating energy crisis and tough policy choices have confirmed our forecast of slowing growth, higher inflation and rising interest rates. We expect global growth to slow to +1.4% in 2023.
Europe: How big will the interest rate shock be in 2023?
Despite rising interest rates and a deteriorating economic outlook, credit dynamics have remained favorable in the Eurozone - but not for good reasons.
Black Friday for consumers, Bleak Friday for retailers?
For the holiday season, retailers will have to strike the best possible balance between volumes and prices, on the one hand, and profitability and liquidity on the other.
