Covid-19: The shocking numbers are in

This week's global growth numbers show the impact of the coronavirus crisis in the starkest way. We've looked at the figures and are trying to forecast what a recovery will look like. The Fed didn't move on Wednesday; we're expecting a policy shift in September. And, as our podcast highlights, negative rates are still on the table

In this bundle

The largest quarterly decline in Eurozone GDP on record

Eurozone GDP declined by 12.1% in the second quarter of 2020, the largest quarterly decline on record. While GDP has already started to climb thanks to…

Germany: The crisis finally has a number

The worst ever quarterly performance of the German economy finally has a number -10.1%. This is the size of the contraction in the second quarter

US GDP: Hopes for a ‘V’ are misplaced

We now know that the deepest ever quarterly contraction was -32.9% annualised. Financial markets are already priced for a vigorous recovery, but with…

Federal Reserve: Dovish dose of reality

No change today from the Federal Reserve. Covid-19 is far from beaten and there are mounting challenges to the US growth outlook. The central bank is…

Record highs for gold, but where next?

Spot gold prices have hit a new all-time high, surpassing the previous highs seen in 2011. Growing safe-haven demand, renewed weakness in the USD, falling…

How green is the EU budget and recovery deal?

Climate expenditures have been increased and this gives a clear signal to the private sector: the green transition is here to stay. It remains to be seen,…

European oil and gas majors: The road to a green business model

Report Commodities, Food & Agri

Energy

Sustainability

European oil and gas majors: The road to a green business model

European energy companies have announced new strategies which include a shift towards greener business models. In this report, we look at some of the…