Stranded assets

The (energy) price of war for European households

The invasion of Ukraine will propel energy prices even higher.

Can europe do without Russian gas?

Imports from Russia account for close to 36% of total EU gas supply, with Hungary, Slovakia and Czechia the most reliant.

More information

Russia-Ukraine crisis: Conflict escalation

De-escalation depends on three channels of transmission: energy, finance and trade.

More information

Who’s afraid of inflation? A corporate view

If commodity prices, wages or interest rates rise more than expected, some sectors are particularly at risk of a liquidity and profitability squeeze.

More information

Global Trade Report – Battling out of supply-chain disruptions

When it comes to inputs from China, Europe is on the weak side of the tug-of-war against the US.

More information

Jostle the colossal fossil: A path to the energy sector transition

The EU faces an implementation gap of six years in cutting greenhouse gas emissions from the energy sector by 2030.

More information

Supply-chain disruption and sector profitability in the US and Europe

The big squeeze: supply disruptions pressure manufacturing margins in the US and Europe

Companies in Europe and the US could face a profit squeeze from Q4 2021 onwards as sustained supply-chain disruptions slow the manufacturing recovery.

More information

Energy prices in Europe: (a costly) winter is coming

Pent-up demand, tight supply, green policy and bad timing are the recipe for skyrocketing energy prices, which could take three to six months to cool down.

More information

Export performance in Europe: a sink or swim game

European exporters, especially France, have lost significant market share over the past two decades as China emerged as a global exporter for manufactured goods.

More information

European SMEs: 7-15% at risk of insolvency in the next four years

While state support softened the blow of the Covid-19 shock, we find that 7%, 13% and 15% of SMEs in Germany, France and the UK are still at risk of insolvency in the next four years.

More information

Liquidity matters: Corporates may need half a trillion of additional working capital requirement financing in 2021

Large companies will face a record increase in WCR in a context of a strong demand rebound triggered by the grand reopening, alongside severe shortages in inputs, labor and final goods.

More information

Commodities: higher demand, supply bottlenecks, but no speculation (yet)

Since the lows of May 2020, commodity prices have increased to record highs.

More information

Tourism: Europe will be at the frontline of the recovery, but only in 2024

As governments race to contain new and more contagious variants of Covid-19, ‘travel passes’ or ‘vaccine passports’ won’t be enough to revive tourism.

More information