Inflation, employment, growth: The Eurozone’s economic outlook in 3 charts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts. Europe’s economy is being particularly impacted by the war in Ukraine – because of the rising […]

Degrowth – what’s behind the economic theory and why does it matter right now?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Degrowth is a radical economic theory born in the 1970s. It broadly means shrinking rather than growing economies, to use less of the world’s dwindling resources. Detractors of degrowth say economic growth […]

Davos 2022: What next for global growth?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robin Pomeroy, Podcast Editor, World Economic Forum Economists Gita Gopinath and Mariana Mazzucato, and industrialist Jim Snabe spoke at Davos 2022 at a session called, What next for global growth? Watch the session here. Subscribe to the podcast […]

Why doesn’t the EU notice the new double digit growth of EU-China trade?

Recently the results of the EU-China trade for the first quarter of 2022 came out and scored an impressive 10.2% growth and yet the EU media and policy makers remained mute. Why is that so? Obviously, the world economy has been hit hard by an explosive mix of the war in Ukraine coupled with the […]

Commission supports 225 reform projects in Member States to improve their resilience, create jobs and growth

This article is brought to you in association with the European Commission. Today, the Commission approved 225 projects under the Technical Support Instrument (TSI), to support Member States in preparing, designing and implementing reforms that will lead to modern and resilient public administrations, sustainable growth strategies and resilient economies while enhancing their capacity to react to […]

Winter 2022 Economic Forecast: Growth expected to regain traction after winter slowdown

This article is brought to you in association with the European Commission. The Winter 2022 Economic Forecast projects that, following a notable expansion by 5.3% in 2021, the EU economy will grow by 4.0% in 2022 and 2.8% in 2023. Growth in the euro area is also expected at 4.0% in 2022, moderating to 2.7% in […]

How blockchain accelerates small business growth and development

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabriel Bizama, International Policy Lead, Stellar Development Foundation Blockchain technologies are revolutionizing how small- and medium enterprises (SMEs) are approaching their businesses. In developing economies, blockchain payment solutions can bridge a gap and open new markets for many […]

The secret of productivity growth is not technology

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Philipp Carlsson-Szlezak, Global Chief Economist, Boston Consulting Group & Paul Swartz, Director and Senior Economist, BCG Henderson Institute Technology fuels productivity growth but tight labour markets provide the spark for this growth because firms typically need to make […]

Balancing economic growth and the environment: lessons from Brazil

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephanie Jamison, Senior Managing Director, Accenture & Roberto Bocca, Head of Shaping the Future of Energy and Materials; Member of the Executive Committee, World Economic Forum With over 46% of its energy mix coming from renewable resources, Brazil […]

Manufacturing reimagined: from improved productivity to profitable growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katy George, Senior Partner, McKinsey & Company Manufacturers are revamping their growth strategies as COVID-19 continues to cause uncertainty. Maximizing productivity is no longer enough. Instead, they should look to Fourth Industrial Revolution technologies to increase resilience, sustainability […]

Building back business: Avoiding a trade-off between resilience and growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christopher Alessi, Digital Editor, World Economic Forum “The question is: how do we achieve resilience in a new global environment, including a pandemic-prone global environment, as well as growth – how do we avoid a sharp trade-off between […]

Belgium: keep up reforms to increase employment and productivity growth

This article is brought to you in association with OECD. Belgium’s tax, labour, pension and education reforms have improved the potential for stronger, sustainable and inclusive growth over the long term. Keeping up this momentum on structural reforms is key to energise the economy and keep it resilient to external risks and uncertainties, according to a […]

Colombia is a Latin American success story, but must pursue new reforms to achieve stronger and more inclusive growth

      Colombia’s economy is resilient and appears well equipped to navigate a challenging external environment dominated by protectionism and uncertainty, but it must pursue new reforms to make growth stronger and more inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Colombia discusses how boosting productivity through […]

Why India can show us how to achieve growth with purpose

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Saurine Doshi, Head of Asia Pacific, A.T. Kearney As one of the world’s fastest-growing large economies, India occupies a prominent position on the global stage – and its ambitions are high. The Modi government aims to turn the Indian […]

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

This article is brought to you in association with OECD. A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD. The Business for Inclusive Growth (B4IG) coalition will […]

Draghi’s negative interest rates help Eurozone’s cohesion

Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]

SMEs turning to alternative financing instruments as growth slows in bank lending

This article is brought to you in association with OECD. Small and medium-sized enterprises (SMEs) are turning to non-bank financing sources at a faster pace than in the past, as bank lending to them has risen less than expected given today’s favourable credit conditions and business environment. Financing SMEs and Entrepreneurs 2019: An OECD Scoreboard finds that […]

Further reforms in Sweden can drive growth, competitiveness and social cohesion

This article is brought to you in association with OECD. The Swedish economy is operating close to full capacity, with robust growth and strong employment, but uncertainties linked to the global economy shroud the outlook. Policy should aim to prolong the expansion and ensure that economic success continues to promote inclusiveness, well-being and social cohesion, according […]

Winter 2019 Economic Forecast: growth moderates amid global uncertainties

This article is brought to you in association with the European Commission. The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State. The pace of growth overall is projected to moderate compared to the high rates of recent years and the outlook is […]

Davos on Climate Change: citizens demanding more actions while CEOs tried to balance profit with sustainability

Climate change was one of the hot topics during the annual World Economic Forum which took place in the Swiss Alps last week. Sir David Attenborough, English broadcaster and natural historian, outlined the serious impact that humanity is causing to the environment and underslined the urgency of immediate action in order to reverse the ongoing […]

MEPs want to fund crucial areas to stimulate European growth

This article is brought to you in association with the European Parliament. MEPs call for EU resources that match ambitions on research, environment, transport, energy, telecom, defence, space and digitalisation under the 2021-2027 EU budget. Following Parliament’s adoption of its position on the EU’s long-term budget (2021-2027 multiannual financial framework – MFF), MEPs are this week […]

Weak growth of G20 international merchandise trade in third quarter of 2018

This article is brought to you in association with OECD. G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, grew marginally in the third quarter of 2018, on the back of rising oil prices, with G20 exports rising by 0.3% and imports by 0.7%, following the minor contractions in the second quarter of […]

Growth is running out of steam. How do we prepare for the next crisis?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Guy Miller, Chief Market Strategist and Head of Macroeconomics, Zurich Insurance As the end of the year beckons and we ponder what the world will look like in 2019, the World Economic Forum’s latest report on Regional Risks […]

Continue reforms to make growth work for all in Spain

This article is brought to you in association with OECD. Spain has made a successful economic recovery, underpinned by strong employment growth, gains in competitiveness and favourable external and financial conditions. The current economic expansion offers an opportunity to speed up efforts to increase the resilience of public finances, enhance job creation and ensure a more […]

Innovation is the key to the pay-TV industry’s long-term growth

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Authors: Jacques-Edouard Guillemot, Senior Vice-President, Executive Affairs, Kudelski Group In the world of pay-TV there is now only one constant we can rely on – change. Consumers are constantly demanding more for less, while increasing competition from new entrants […]

EU trade agreements deliver on growth and jobs, support sustainable development

This article is brought to you in association with the European Commission. The better access to foreign markets negotiated by the EU benefits European companies, workers and consumers. According to the second annual report about the implementation of trade agreements issued today, these agreements – covering nearly 70 markets all over the world – are proving […]

Draghi to lay his print on long term ECB policies prior to exiting next year

Mario Draghi, the President of the European Central Bank, was criticized by major global financial media for insisting to end the easy money policy this December. The argument is that, after ECB’s Governing Council decided at the end of the prosperous 2017 to end its extraordinary monetary policy, the world has become a riskier place. […]

The role companies play in boosting growth in emerging markets

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Shuaihua ChengManaging Director, ICTSD China, International Centre for Trade and Sustainable Development (ICTSD) In recent decades, the forces that have driven growth in emerging economies have been well documented. Less studied, however, is the contribution made by […]

Draghi strives to control the unruly exploitation of financial markets by banking leviathans

During the past few weeks, financial markets sharks have been sending stock and bond prices and money parities wildly up and down, while busy securing for themselves hefty short term gains. Obviously, this is to the detriment of the real economy, where values are produced by technology and sweat. In Europe and, partly, in the […]

Draghi keeps the euro cheap, helps debt refinancing, recapitalization of banks and growth

Last Thursday, the European Central Bank decided to keep flooding the Eurozone with hundreds of billions, despite strong objections coming from the frugal German-Dutch duo. Mario Draghi was adamant about that. It’s interesting to follow his response to a journalist’s remark, who reminded him that the “Dutch Central Bank President Klaas Knot said in a […]

German political spillovers: ECB’s Draghi resists first attacks by AfD

Last Monday, Mario Draghi, President of the European Central Bank, speaking at the Economic Committee of the European Parliament had the opportunity to test the grounds and familiarize himself with the nature of political climate he may come across after the German elections. He had a heated exchange with the head of the AfD group […]

State of the Union 2017: Juncker’s optimism about EU growth and Brexit’s impact

It was last Wednesday when the president of the European Commission made his annual State speech address to the European Parliament pointing out the top priorities for the next year. Jean-Claude Juncker expressed his optimism for the boosting of the EU economy, trade, investment, cybersecurity, industry and democracy. The president of the EC respected the […]