Research for tomorrow 

Tightening financing conditions, slowing growth and soaring inflation are putting pressure on the European housing market.

While it is increasingly possible to evaluate the progress in the “E” in ESG, the situation is more challenging for the “S” and the “G”.

Despite rising interest rates and a deteriorating economic outlook, credit dynamics have remained favorable in the Eurozone - but not for good reasons.

After two years of declines, we expect a broad-based acceleration in business insolvencies (+10% in 2022 and +19% in 2023 at a global level).

The global energy storage market is expected to grow 15 to 19-fold by 2030, mostly stemming from the US and China, with cumulative energy storage capacity totaling 400 to 500 GW.

While fiscal support in Europe will significantly reduce the impact of higher energy prices on real disposable incomes and soften the blow on demand, it could slow down the reduction in inflation rates.