World Economy Archives - Page 2 of 7

Macroeconomic projections 2025–2027: challenges and adjustments in the Eurozone

The European Central Bank (ECB) staff macroeconomic projections for the euro area, released in March 2025, paint a picture of cautious optimism tempered by significant uncertainties. While the projections highlight slower GDP growth, there are expectations that inflation will taper off. The Eurozone’s labor market continues to be resilient and the ECB expects that productivity …

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March 2025 OECD Economic Outlook: Steering through uncertain times

World Economy / By Doğan Erbek

The OECD released its interim economic outlook report for 2025 in mid-March, and it does not make for pretty reading. Right off the bat, the report points out that, while the global economy was resilient in 2024, this year will be underwhelming in several respects. As a result, growth projections will be less optimistic than …

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World Economic Situation and Prospects 2025

World Economy / By Doğan Erbek

The UN Department of Economic and Social Affairs recently released the World Economic Situation and Prospects 2025. The report highlights the global economic outlook for the coming year, including the prospects for growth and where challenges may hinder progress. The report indicates that global economic growth is projected to remain at 2.8% in 2025, unchanged …

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The evolution of banking commitments in climate finance

World Economy / By Doğan Erbek

Climate finance refers to the financial resources and instruments used to support actions aimed at mitigating and adapting to the impacts of climate change. This includes funding for renewable energy projects, energy efficiency improvements, and initiatives to enhance climate resilience. Climate finance is crucial as it helps provide the large-scale investments needed to transition to …

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Is ‘sustained’ economic growth compatible with ‘sustainable’ economic growth?

World Economy / By Doğan Erbek

The concepts of sustained economic growth and sustainable economic growth are often discussed in economic and environmental circles, but they are not always seen as compatible – and I do not think that they should be. While sustained economic growth focuses on a consistent increase in a country’s economic output over time, sustainable economic growth …

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The emerging role of technology companies for banks’ climate risk management

Trade & Finance, World Economy / By Doğan Erbek

In the face of escalating climate change, banks are increasingly recognizing the importance of robust climate risk management. In my opinion, this shift is not just about corporate responsibility; it’s a critical component of financial stability and regulatory compliance. Technology companies are stepping up to provide innovative solutions that help banks navigate this complex landscape. …

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Car industry crunch: Crisis or transition

Markets, World Economy / By Doğan Erbek

The automobile industry is currently facing a significant crunch, primarily driven by a global semiconductor chip shortage and widespread supply chain disruptions. While these challenges have undoubtedly created a crisis, they also present a unique transition opportunity for the industry. In this article I explore why the current crunch is more of a transition opportunity …

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Inflation and commodity scarcity: The long-term effects on global food prices

World Economy / By Doğan Erbek

As the world grapples with economic uncertainties, the intertwined issues of inflation and commodity scarcity have profound implications for global food prices. These phenomena not only affect the cost of living but also have far-reaching consequences for food security, economic stability, and social cohesion. Here I take a brief look at some of the implications …

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Europe’s challenge: How to sustain economic growth without sacrificing social equity

Markets, World Economy / By Doğan Erbek

Europe consistently ranks amongst the most developed regions in the world and countries in the region record constantly high development ratings, based on the Human Development Index. Yet, the question of achieving economic growth is one that continues to trouble the region, particularly given the relative “lack of productivity” and “business dynamism” in Europe. As …

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Fear of new impaired loans returns in Europe

Markets, World Economy / By Doğan Erbek

The European banking sector has faced significant challenges over the past decade, particularly with the issue of impaired loans. These loans, often referred to as non-performing loans (NPLs), have been a persistent problem, exacerbated by various economic crises. This article explores the recent history of impaired loans in Europe and the current concerns surrounding a …

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