Best Reads

“The coronavirus crisis is having a profound and lasting effect on the global economy, with the vast majority of countries expected to get back to their 2019 level of economic output only in 2022.” – by Eldar Vakhitov

“The European Central Bank will consider following the lead of the US Federal Reserve by committing to let inflation overshoot its target after a period of sluggish price growth, it has said for the first time.” – by Martin Arnold

“If Donald Trump loses the United States presidential election in November, he will ultimately be seen to have left little mark in many areas. But in the US’s relationship with China, the decoupling of economic links could continue, and that could force Europe into hard choices.” – by Jean Pisani-Ferry

“A center-right coalition led by Matteo Salvini, once Italy’s most powerful politician, won three key regions but fell short in Tuscany, where victory could have bolstered his comeback bid.” – by Gaia Pianigiani

“Hotels, pipelines, convenience stores and automaker bonds are among the assets being bought by some of the world’s biggest asset managers as they look for value in a world thrown into turmoil by the coronavirus pandemic.” – by David Ramli, Suzy Waite and Matthew Burgess

” CVC – whose background lies in US investment company Citicorp – will become one of the biggest foreign investors in the country, alongside PSP Investments, Eldorado Gold, Fraport and Cosco.” – by Ilias Bellos

“ECB board member Isabel Schnabel argued that raising inflation will be key and failure to get price growth in the 19-country euro zone moving towards the ECB’s target could be the trigger for action.”

“In 2020, Vanguard significantly increased its support for shareholder proposals on everything from diversity to climate change.” – by Julie Segal

“With inflation running persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are […]

“The current environment of elevated uncertainty means that the Governing Council will continue to assess carefully the incoming information, including developments in the exchange rate, with regard to the implications for the medium-term inflation outlook.” – by Philip Lane, Member of the Executive Board of the ECB