Deeper “green” real estate markets are needed to accelerate ESG integration in global financial markets; As the world’s largest asset class, real estate is responsible for nearly 40% of global carbon emissions; Amid growing populations and housing demand, sustainable design practices are crucial for keeping a lid on emissions; Sustainability-linked real estate securities markets are still small, despite significant climate hazards and potential damage.

Our baseline projections do not envisage recovery in tourism to pre-pandemic levels before 2023. Faster recovery in tourism hinges on rapid advancements in vaccine distribution.

We are revising our Turkish Lira fair value to $/TRY 9.50. This decision is driven by balance of payments fundamentals, … whereby the current account deficit is widening more than expected, … even as capital inflows from abroad are looking substantially weaker. This combination...