As that happens, we can look forward to a statistically more robust potential output measurement of the economy, and that in turn should improve our inflation watch. In the aftermath of the global financial crisis, growth rates in major advanced economies remain sluggish despite large output gaps.
At the EU (European Union) level, promising steps are being taken to enhance corporate sustainability reporting. EU (European Union) rules require large firms and financial institutions to disclose the environmental and social impacts of their activities – namely the Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR). In addition, EU (European Union) sustainability reporting standards are currently being developed.