Economic insights

Mar 25, 2022

Global trade: Battling out of demand and price shocks

The invasion of Ukraine and renewed Covid-19 outbreaks in China are hitting global trade with a double whammy in 2022: lower volumes and higher prices.

Mar 22, 2022

Russian dolls: unwrapping corporate (commodity) dependencies

A further +50% to 70% rise in non-energy commodity prices could actually wipe out all profits in six out of the nine sectors under analysis.

Mar 18, 2022

Economic Outlook: Energy, trade and financial shockwaves

The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.

Mar 15, 2022

The (energy) price of war: When inflation bites US savings

Surging energy prices will drive inflation even higher, accelerating the reversal of the "great resignation" in the US.

Mar 09, 2022

Not so hawkish after all: Is the ECB past the peak or just on pause?

We believe that the ECB will remain in a wait-and-see mode at the March meeting as concerns about slowing growth and tighter financial conditions will outweigh inflation fears.