Industry decarbonisation is a cornerstone to reach net-zero emissions by this mid-century. The diversity of industrial activities, processes and products, the complexity of global industrial value chains, and the international competition make industry decarbonisation a challenging objective....

We study business uncertainty in high- versus low-volatility environments by surveying over 31,000 managers across 41 countries. We elicit subjective probability distributions for future own-firm sales and measure firm-level uncertainty with their mean absolute deviations. Analogously, we...

This report is the first GEMs publication focusing on recovery rates. The report provides outputs derived from pooled GEMs data going back to 1994, supplied by 19 member institutions, and complements the well-received default statistics reports published in the fourth quarter of 2023. Offering...