It is no secret that the construction and real estate sectors are among the most cyclical sectors, sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit. It is therefore no surprise that these sectors are currently under strain as interest rates have risen quickly, resulting in dwindling demand from both households and real estate companies. Read more here.
Economic overview, country and risk assessment 2024
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections - presidential and/or legislative - and in economic terms, with risks mounting on a still slowing global economy.
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Busy, eventful, buzzing, decisive, crucial... there has been no shortage of adjectives to describe the year that has just begun. Our central scenario is more akin to a ridge than a boulevard. Check it out now.
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