Insights

Eurozone recovery on track, policy support remains essential

The eurozone economy is recovering from the pandemic and inflation is now consistent with the ECB’s objective, yet the outlook is still uncertain. Stefan Gerlach and GianLuigi Mandruzzato look at the prospects for monetary and fiscal policies.

Celebrate World Oceans Day with Team Malizia and Boris Herrmann

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Green energy transition to propel industrial metals demand

The transition to clean energy technologies will play a crucial role in limiting the effects of climate change. In the coming decades, the demand for industrial metals will be boosted by clean energy policies, including the development of electricity grids and of electric vehicles and battery storage industries. In this Macro Flash Note, GianLuigi Mandruzzato looks at the outlook for the main industrial metals and their prices.

“Excess” savings and the outlook for consumption

The Covid pandemic has been associated with a rise in savings rates across the world to exceptional levels. What are the prospects for consumer spending?

A political crisis threatens Colombia’s recovery in 2021

One challenge governments will face in the aftermath of the Covid-19 pandemic is to return the economies to a sustainable growth path. In the case of Colombia, real GDP grew by 1.1% in Q1-2021 in comparison with the same quarter last year, representing a considerable recovery from a decline of almost 4% in Q4-2020. However, weakening public finances, social protests and a political crisis could undermine GDP growth in 2021. In this Macro Flash Note, Joaquin Thul looks at the recent events.

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