ECONOMIC RESEARCH

| Featured Reports

President Biden’s USD1.9tn stimulus is set to create a positive confidence effect on US domestic demand, part of which will be absorbed by exporters across the world.

| China, Featured Reports

With domestic and external conditions ripe for authorities to tighten the policy mix, Chinese stimulus will not be saving the global economy this time round.

| Featured Reports

Biotech companies and Big Pharma are set to be the winners of the game at the expense of generic manufacturers.

| Featured Reports, China

China’s success in product assembly, marketing and design relies on huge chip imports.

| Featured Reports, China

Amid surging demand for imports from China, a container shortage and a strengthening RMB are pushing up import prices for European firms.

| Featured Reports

Our estimates show that an additional point in a country’s 2020 EDI score translated to +0.25pp GDP growth in Q3 2020 y/y.

| Featured Reports

We expect inflation will only stage a temporary overshoot in the US and briefly hit the ECB’s “below, but close to, 2%” target in the Eurozone in 2021.

| Featured Reports

In the short run, a demand catch-up and the reduction in spare capacities will drive a business investment recovery. But it could take up to four years to return to long-term growth trends.

| Featured Reports

While some regions, especially Asia, will almost seamlessly resume their pre-crisis development as early as 2021, the recovery elsewhere will be much more uncertain.

| Featured Reports

Abolishing fossil fuel subsidies and directing the funds to renewable energy seems like an easy win for the climate. But getting rid of them comes with steep costs for consumers, particularly the poorest households.