Europe’s labour shortages – not all equal
Although reported labour shortages in the eurozone appear to be worsening, our analysis of the underlying dynamics shows a more nuanced picture. We think the shortages in manufacturing and services are more cyclical in nature and should ease faster, while those in construction appear more structural.
What you will learn:
- Severe labour shortages in manufacturing and services are occurring amid a strong cyclical rebound in demand, which we expect to revert to trend in line with forward-looking indicators.
- This is not the case for construction, where we expect demand to remain elevated.
- Both the manufacturing and services sectors can draw on untapped labour resources, as employment in each is still around 2% below pre-pandemic levels.
- Employment and vacancies in construction have already surpassed their previous peaks and scope for productivity gains is limited.
Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.Find Out More
APAC Key themes 2024 – A year of living cautiously
In 2024, the main influence on Asia is likely to be a global slowdown, particularly in China and the US. Moreover, governments have limited policy space to deal with these headwinds. Other negative influences, however, are set to ease further, including domestic inflation, external pressure on interest rates, and softening semiconductor prices. Overall, we expect a bumpy year as issues become more country-specific and policy responses and economic outcomes diverge.Find Out More