Economic Insights

Trade deals or trade wars? Germany’s insoluble budget equation and tariffs diminishing carmakers’ reshoring prospects

Over the next decade, the global economy will need to invest nearly 3.5% of GDP per year (USD 4.2trn) to future-proof social, transport, energy and digital infrastructure against megatrends such as urbanization, supply-chain disruptions and AI-driven digitalization.

Steady rates and shifting seats for the Fed, US-EU trade on the rocks and reading between the (market) lines

ECB taking a breather, France’s budget falls short and China’s resilience

Trade deals or tariff letters, the relentless dollar, and what the One Big Beautiful Bill means for households, markets and sectors

The residential real estate sector is a major yet often underestimated contributor to greenhouse gas emissions in Europe.

“Under Pressure”: Global growth will remain under pressure at +2.5% in 2025, the slowest since 2008 outside of recession periods.

Global boiling – Heatwave may cost -0.5pp of GDP in Europe

A fragile ceasefire in the Middle East, paying for Europe’s defense push and quarterly country and sector risk update