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June 27, 2022

Europe | Energy crisis and carbon pricing

The world is now facing the biggest energy crisis of the last 40 years, making it hard to make any meaningful progress on climate legislation in the European Union (EU).

June 27, 2022

Europe | Minimum wage: from symptoms to causes

On June 7, 2022, the European Parliament and EU Member States reached an agreement on the Directive on adequate minimum wages. Despite the arrival of this Directive, differences in minimum wages between EU Member States will continue to exist for as long as there is no convergence in productivity and employment rates.

June 24, 2022

Mexico | Will there be a recession in the United States?

Recessions occur because the Fed's short-term interest rates determine the level of all rates in the economy: the Fed's rate hike implies higher rates for credit to companies, for mortgage loans and for consumer loans, etc.

June 16, 2022

Mexico | Wage distribution deteriorated and no signs of improvement

The growth of employment, and consequently the low levels of unemployment, have made it possible to increase the total wage bill, which is currently 3.0% above the pre-pandemic level; however, this gain has been due to the generation of low-paid jobs and the loss of employment of more than 2 Minimum Wages (MW)

June 13, 2022

Turkey | Activity confirms an upward trend

Industrial Production continued to surprise on the upside and grew 10.8% y/y in calendar adjusted terms in April. If no substantial negative shock occurs, given the current pace, it becomes more likely to achieve a full year growth rate close to 5%.

June 13, 2022

Global | Digitize to decarbonize

In the current global socio-economic context, and especially after the COVID-19 crisis, digitization and sustainability have become key elements of economic and social transformation, being particularly relevant to understand and analyze how both interact.

June 10, 2022

Mexico | Why is the peso "strong"?

At the time of writing this article, the exchange rate is 19.5 pesos per dollar; a remarkable level considering that just last November its value was 21.9 pesos per dollar (an appreciation of more than 10%).

June 3, 2022

Turkey | CPI surprised on the downside but maintained an increasing trend

Consumer prices increased by 2.98% in May, much lower than market consensus (4%), which resulted in an annual figure of 73.5%. We expect consumer inflation to accelerate above 80% in the coming months before slowing down to near 60% given positive base effects in the last two months of the year.