• 26 June 2025
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Germany’s budget for 2025: a massive and rapid increase in investment, but for what purpose and at what cost?

The German government has presented its draft budget for 2025, which is expected to be adopted in September. It is a breakaway budget marked by a clear return to public investment and support for business investment, at the cost of a significant increase in debt. This budget is one of the pillars of Germany’s new

  • 23 June 2025
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United Kingdom: towards a fiscal consolidation which is spread over time but even more constrained than in France

The Spending Review and the GBP 725 billion ten-year infrastructure plan, unveiled on 11 and 19 June, respectively, demonstrate the British government’s desire to move away from forced fiscal consolidation. Getting public finances back on track remains a major challenge in the UK, which is constrained by pressure from the bond market, and provides a

  • 23 June 2025
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EcoNews – 23 June 2025

ADVANCED ECONOMIESNATOThe Hague Summit (24-25 June) is expected to announce a target of 5% of GDP dedicated to defence. By 2035, Member States should commit to allocating 3.5% of their annual GDP to military spending and 1.5% to defence spending in the broad sense (infrastructure, including satellites). Although most countries, notably Germany, have committed to

  • 23 June 2025
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Markets Review – 23 June 2025

Monday, June 23, 2025 Eco Week Markets Review – 23 June 2025 Eco Week EcoNews – 23 June 2025 Scenario and forecasts The updated scenario and forecasts of the Economic Research – 23 June 2025 Thursday, June 19, 2025 Eco Flash FOMC: Waiting and Divided Wednesday, June 18, 2025 Charts of the Week In the

  • 21 June 2025
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EcoNews – 17 March 2025

Advances economiesThe trade war between the United States and the European Union has begun. US tariffs of 25% on all steel and aluminium imports came into force on 12 March. In response, the EU will re-impose, from 1 April, the rebalancing measures introduced during the first Trump administration, and will impose a new, more substantial

  • 21 June 2025
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Markets review of 17 March 2025

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

  • 20 June 2025
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Markets Review of 5 May 2025

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

  • 20 June 2025
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IMF/WB Spring Meetings: situation serious but policymakers resolute and economies resilient, for now

Every Spring and Fall, economic and financial policymakers from the whole world gather in Washington DC for the IMF/WB Meetings. Thousands of private financial sector professionals tag along. All over town, in both formal and informal settings, participants share and compare with their peers their own assessments of the world’s economic prospects. In my 25

  • 20 June 2025
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EcoNews – 28 April 2025

GLOBALIMF growth forecasts sharply revised downwards. Taking into account the protectionist shock caused by the Trump administration and the very high level of uncertainty that now surrounds economic policies, the IMF has just revised its forecasts for global economic growth significantly downwards.For the advanced countries, average growth, which was 1.8% in 2024, is expected to

  • 20 June 2025
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Markets Review of 28 April 2025

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

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