How polarization is shaping the economy (and what to do about it)

In 2024, societies are showing more signs of stability and social resilience, but the frequency and severity of civil unrest is increasing in several countries

What to watch I November 15, 2024

The cost of uncertainty in Germany, the finishing touch of the Chinese stimulus and all eyes on Brazil while this COP is in Baku

The geoeconomic playbook of global trade

A renewed but contained trade war could cost global trade growth 0.6pp in 2026, while a full-blown trade war would cost up to 2.4pps. In his second term as President, Donald Trump is likely to increase tariffs on Chinese and other strategic imports (to 25% for the former and to 5% for the rest of the world, excluding Mexico and Canada), which would decrease global trade by -0.6pp in 2026 as most measures would kick-in from the second half of 2025. 

What to watch I November 07, 2024

The return of Donald Trump and the implications of a Republican Sweep scenario

What to watch I October 31, 2024

Fed taking it slow, UK budget done, diverging growth in the Eurozone and market volatility before and after the US elections

What to watch I October 24, 2024

From agreement to action at COP16 in Cali, nuclear energy and the race to net zero and the “Big Stay” in Eurozone labor markets

Breaking or laying bricks? How policymakers will shape the construction recovery

Despite major headwinds, the residential construction segment has remained resilient and lower interest rates could revive prices and activity in 2025. Housing starts and residential building permits have been going down in most countries over 2024. 

What to watch I October 18, 2024

Higher taxes for French corporates,  all eyes on Germany at Paris motor show and understanding China’s big move 

Global Insolvency Outlook: The ebb and flow of the insolvency wave

All in all this year, we expect double-digit increases in bankruptcies for half of the world. Year-to-date, the number of business insolvencies worldwide has increased by +9% and the rise has been broad-based across geographies and sectors. 

What to watch I October 11, 2024

The cost of rising waters for European families, fiscal reality check for France and Italy and the ECB’s next cut