Are luxury cars untouched by economic slowdown and inflation? The latest results from Italian luxury automaker Lamborghini suggests so. CFO Paolo Poma believes the company can even improve its profitability, despite economic headwinds. Global Finance spoke with Poma—who has been managing director and CFO since 2017—when he recently visited New York.
Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th.
At the IMF/World Bank meetings in Washington, DC last month, global finance leaders grappled intensely with an economic outlook clouded by uncertainties, including the war in Ukraine, surging inflation and the effects of the many recent interest-rate hikes. Yet this magazine was there with an event celebrating the best central bank governors and the safest banks in the world.
Any contradiction was only superficial, however. Yes, the global economy faces real and significant turmoil. Yet still there are well-run central banks and wise governors. This year’s leaders maneuvered well under adverse conditions or made courageous decisions.
Our World’s Safest Banks rankings likewise reinforce the links between banks and governments, and especially the impact of sovereign ratings. Some new names have risen to the list, especially in individual countries. Excellence matters in every economic climate.