Feb 04, 2026

Italy approaches the Olympic Winter Games Milano Cortina 2026 with a notably stronger macroeconomic backdrop, underpinned by post‑pandemic resilience in output, employment and trade, and an improved fiscal stance.

Feb 02, 2026

Business insolvencies ended 2025 with an upside trend in most countries, despite already high levels. The first final data available for 2025 confirm our expectations of a +6% increase in global business insolvencies, with Western Europe (+6%) remaining a key contributor to the global trend, several Asian countries posting double-digit rises (five out of nine) and most advanced economies noticeably exceeding pre-pandemic numbers.

Jan 29, 2026

The major sell-off on the long end of the Japanese sovereign yield curve is not a “Truss moment” but signals a bumpy final stage of Japan’s monetary normalization.

Jan 27, 2026

Recovering commercial debt could become even more of a challenge as business insolvencies remain high in most countries.

Jan 26, 2026

After signing the EU–Mercosur agreement on 17 January, the EU is looking to speed up its trade policy momentum to diversify trade structures in a more fragmented global economy. A trade deal with India could be finalized at the EU-India summit this week.

Jan 23, 2026

We continue to expect only one rate cut (-25bps to 3.50%) from the Fed this year. This cut is now expected in June instead of March, which confirms a normalization of monetary policy to neutral settings.