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2020 was an extraordinary year for banks, as for most other industries. In Europe, banks barely made money, as revenues fell substantially and loan loss provisions doubled. Expense cuts cushioned the blow only partly. [more]
David Folkerts-Landau, Group Chief Economist & Global Head of Research and Peter Hooper, Global Head of Economics have just published an updated outlook for the global economy and financial markets. [more]
Our analysis suggests that the nationwide price cycle will come to an end this decade. Despite all the uncertainty, we believe the cycle is likely to end in 2024. The fundamental supply shortage should ease off in the coming years. [more]