The European Commission unveiled its “Competitiveness Compass” on 29 January – the Commission’s new economic doctrine, aimed at making regulations simpler, lighter and faster. The Compass lends on three dimensions of Mario Draghi’s “the future of European competitiveness” report in September 2024 – (1) closing the innovation gap, (2) decarbonisation, and (3) increasing energy security, and offers five enablers, (1) the simplification of the regulatory environment, (2) the merits of the Single Market, (3) financing through a Savings and Investments Union, (4) promoting skills and jobs, and (5) strengthening coordination on policy execution.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), contextualises the sustainability reverberations of this blueprint “Competitiveness Compass” report and what corporates and investors should anticipate as key watchpoints in the coming months ahead.
The MUFG Global Markets Podcast can be found directly on our MUFG Podbean page or via a number of platforms, including Spotify, Apple, and Stitcher.