United States
Global macro research hub
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UK fiscal update
December 12, 2024
We review the UK budget and the implications for growth, inflation and the Bank of England.
Le Déluge - The French political trajectory
December 10, 2024
We provide an update on recent political events in France
Global macro research: The pivot from inflation to growth
November 29, 2024
Central banks have shifted focus from inflation to growth and a global easing cycle has started – this has stabilised growth and shifted our macro regime framework to a more positive outlook.
Previous research
Japan: A window for optimism
November 11, 2024
A window for optimism has now opened in Japan, and the Bank of Japan has started to tighten policy for the first time since 2007.
Global Macro Research: US labor market is finely balanced
October 25, 2024
The US labor market has proved remarkably resilient this cycle, but the demand and supply of labor appears finely balanced and at risk of tipping into recessionary conditions.
Tariffs and Trade Wars – Implications of a Second Trump Presidency
August 30, 2024
We explore how a more restrictive trade regime under a second Trump presidency could affect the US, its trading partners and the US dollar.
Asset allocation in focus
August 02, 2024
We discuss the influence of growth, inflation and real interest rates on asset allocation decisions.
The resurgence of Southern Europe
May 30, 2024
We believe the economic outperformance of Southern European countries relative to countries such as Germany should continue for some years to come.
