Podcast: Macro Waves
Climate change puts balance sheets at risk 6/28/2019

Climate change puts at risk the balance sheets of numerous actors, such as households, companies and the public sector. The first episode of this series of podcasts sets the general framework, William De Vijlder is going to remind us what a balance sheet is and how climate change can impact it. The second episode will focus on households and the third one on companies. In the fourth and last episode William De Vijlder will explain how climate change is impacting the balance sheet of the public sector.

TRANSCRIPT // Climate change puts balance sheets at risk : June 2019

.

More Podcasts

On the Same Theme

Serendipity lost? Working from home and innovation 5/17/2021
Working from home is expected to have a positive impact on the level of productivity but will it also influence its growth rate? The answer largely depends on what happens to innovation. Interaction between people is key for idea generation and the exchange of information. Formal interaction can be easily organized using a variety of software applications but informal interaction is a bigger challenge. To make sure that serendipity within and amongst teams – given its importance for a culture of innovation – is maintained, a combination of working from home and onsite seems to be recommended. 
Covid-19 : Fall in number of new cases worldwide 5/17/2021
According to the latest figures from Johns Hopkins University, 5.5 million new Covid-19 cases were recorded around the world in the week of 4-10 May, a 12.5% drop from the previous week. This fall was seen in Europe (-16.5%), Asia (excluding India, -14.5%) and the Americas (-6.3%).
PMI:Rising price pressures 5/10/2021
Sentiment in the manufacturing sector improved further at the global level, driven by better numbers in the majority of advanced economies – where very high levels have been reached – whereas the picture is mixed in emerging countries. Nevertheless, in this part of the world as well, the PMIs are above the 50.0 mark, with the exception of Mexico.
Covid-19: India reaches more than 20 million cases 5/10/2021
The situation in India continues to deteriorate with 382,146 new Covid-19 cases reported on 4 May alone, which has lifted the total to more than 20 million cases since the beginning of the pandemic. In Asia (excluding India), Europe and the Americas, the number of new cases continues to decline.
Working from home and labour productivity 5/3/2021
One of the lasting consequences of the Covid-19 pandemic will be the way we work with more time spent on working from home compared to the pre-pandemic situation. Clearly, the possibility to do so depends to a large extent on the industry, the nature of the job but also the country. These developments would have profound implications on where people decide to live, the role of cities, the need for office space, the use of means of transport, the needs in terms of IT infrastructure (high-speed internet), etc. A priori, one would expect a positive impact on productivity, in particular due to increased worker satisfaction and efficiency. Based on recent surveys, that is also what companies seem to expect. However, empirical research shows that the impact on productivity largely depends on factors such as the IT infrastructure, employee preferences and the way it is introduced and accompanied by company management.
Record new infection numbers globally 5/3/2021
The Covid-19 pandemic continues to set records, with 825,721 new infections recorded on 28 April alone. Much of this surge has occurred in India, where there were 349,378 new cases, or 42% of the global total, whilst in the rest of Asia, Europe and the Americas we have seen a fall in the number of new cases over the past few days.
Retail and leisure footfall is improving 4/26/2021
In the retail and leisure sectors, which are still hit by health restrictions, footfall improved in developed countries during the week of 9-16 April compared to the previous week, especially in the UK, which reported a big improvement in footfall (from -51% to -34% compared to the baseline*). This can be attributed to the reopening of bars and restaurants on 12 April. Footfall also improved in Italy (-51% to -40%), Germany (-47% to -40%) and Belgium (-43% to -38%). In France, footfall increased very slightly and is still the lowest in Europe (chart 3). 
How to spend it? Shifting consumption patterns and Covid-19 4/19/2021
The Covid-19 pandemic is having a profound impact on household expenditures. The volume has dropped and its composition has changed significantly. As restrictions are gradually lifted, services such as recreation, food services and accommodation, which have seen a big reduction in demand due to the restrictive measures, could thrive, to the detriment – at least relatively speaking – of spending on goods.  For the strength of the early phases of the recovery, pent-up demand is an important factor. It plays a smaller role in the services sector, which could mean that countries with a larger services sector not only have suffered more from restrictive measures but could also face a bigger challenge during the recovery. 
Uncertainty: Trending lower 4/19/2021
Most of our uncertainty indicators continue to decline on the back of vaccination campaigns that pick up speed and better economic data, although in several countries the number of new infections is again rising strongly. Starting top left and moving clockwise, the number of references in the media to uncertainty, after declining very strongly in recent months, has now more or less stabilized.
Retail and leisure footfall declines in Europe 4/19/2021
Faced with the resurgence of the pandemic, retail and leisure footfall declined in the developed economies, especially in Europe, during the week of 4-11 April. Moreover, the OECD Weekly Tracker of annual GDP growth continued to decline in Europe. 

ABOUT US Three teams of economists (OECD countries research, emerging economies and country risk, banking economics) make up BNP Paribas Economic Research Department.
This website presents their analyses.
The website contains 2701 articles and 713 videos