The Turkish economy recovered in the first quarter and is therefore no longer in recession. In the run-up to the Turkish elections, Turkish banks provided more loans and spending went up, suggesting a temporary revival.
The Brazilian economy has taken a step back for the first time since 2016. The economy contracted by 0.2 percent in the first quarter compared to the previous quarter. The national statistics office reported this. That is the first quarterly figure since Jair Bolsonaro took office as president in January.
ING is working with the ten largest valuation agencies on a model for valuing sustainability in offices in a uniform way. The appraisers, which together account for a market share of 70 percent in the Netherlands, are currently testing a new standard for the valuation of office buildings. After that, they start working with homes, among other things.