ADVANCED ECONOMIESUnited StatesNegative growth in Q1 2025 but robust job market ahead of the Fed meeting. First contraction in GDP for three years in Q1 2025 (-0.1% q/q, compared with +0.6% in Q4 2024), due to the surge in imports of goods (+10.9% q/q, the highest since 1972 excluding the post-Covid reopening), the fall in
The tariffs imposed by the Trump administration and the acceleration of the US-China decoupling will lead to a slowdown in global economic growth, a further reconfiguration of international trade, and the continued reorganization of value chains. These changes will have multiple consequences for emerging countries. All will suffer negative effects linked to the slowdown in
International tradeTensions eased between the United States and China. An agreement, yet to be formalised, has been reached between China and the United States to preserve the tariff truce and, in particular, the supply of rare earths to the United States. While the G7 could provide a window to make progress in negotiations between trading
Wednesday, June 18, 2025 Charts of the Week In the Eurozone, inflation is also a monetary phenomenon Monday, June 16, 2025 Eco Week Markets Review – 16 June 2025 Eco Week EcoNews – 16 June 2025 Scenario and forecasts The updated scenario and forecasts of the Economic Research – 16 June 2025 Wednesday, June 11
The first half of 2025 was marked by two major turning points: the outbreak of a global trade war by the United States and, on the European side, announcements regarding rearmament efforts and the German investment plan, supporting the Old Continent’s economic revival. The second half of the year will be marked by the aftermath
ADVANCED ECONOMIESUnited States / WorldTrump doubles steel and aluminium tariffs. The tariffs on steel and aluminium imports have been increased to 50% from 4 June (compared with 25% since 12 March). The executive order highlights the need to protect the economy and national security. The legal basis for the decision, i.e. Section 232 of the
THE ECONOMISTS WHO PARTICIPATED IN THIS ARTICLE Team : Data and Analytics Team PDF – Full publication Other articles from the same publication Global economy: Towards another turbulent six months? The first half of 2025 was marked by two major turning points: the outbreak of a global trade war by the United States and, on
The dollar is involved in nine out of ten foreign exchange transactions and still accounts for 58% of total foreign exchange reserves. Commodities, interest rates, derivatives: it is the dominant currency in almost all markets, with one exception: green bonds, which are mainly denominated in euros and whose take-off is mainly driven by companies and
World / World tradeTowards the cancellation of tariffs? The US Court of International Trade (CIT) has blocked part of the additional tariffs decided by D. Trump, namely the “reciprocal tariffs” of 2 April and those applied to China, Mexico and Canada concerning opioids and immigration. However, a suspensive appeal allows the tariffs to continue to
Thursday, June 19, 2025 Eco Flash FOMC: Waiting and Divided Wednesday, June 18, 2025 Charts of the Week In the Eurozone, inflation is also a monetary phenomenon Monday, June 16, 2025 Eco Week Markets Review – 16 June 2025 Eco Week EcoNews – 16 June 2025 Scenario and forecasts The updated scenario and forecasts of