Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. Plus, Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market.
We expect nationwide contracted sales will increase 5%-8% during the coming six to 12 months, inventory levels will remain healthy, and rated developers will maintain access to financing despite onshore credit tightening.
Raffaella Altamura, Clifford Kim and Christopher Bredholt of the Project and Infrastructure Finance team discuss the policy outlook and incentives for renewables as leading economies respond to threats from climate change. They also examine economies undergoing a green revolution and those taking a more evolutionary approach with well-developed renewable investment strategies, and explore the opportunities and risks these efforts create for investors.