With first signs of a wage-price spiral emerging it seems that we are only at the beginning of an ongoing inflationary phase.

The ambition of the ECB in greening its monetary policy seems to be driven by an ever stronger will to seize more power.

Inflation in China is still moderate. However, there are increasing signs that this could change soon.

Despite the worst post-war recession, fewer companies in Germany filed for insolvency in 2020 than at any time since 1994. How many insolvencies were postponed and how high is the risk that they occur in 2021?

The newly expanded unemployment assistance in the USA could disincentivize the unemployed to search for a new job. This is likely to result in higher structural unemployment with wages sticky above market clearing levels.

Although citizens in the major EU countries feel attached to the EU, there is a widespread perception in member states that things go wrong in the block.