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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
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 investment required to meet the challenges of competitiveness and energy and technology transition in the European Union is huge, and the need for it is imminent (2025-2030). To this must now be added expenditure to strengthen the European Union’s military capabilities. To finance this, the EU must of course speed up its roadmap towards
World / Global TradeThe European Union in the Trump administration’s crosshairs: in response to slow negotiations, the US President initially threatened to impose a 50% tariff on imports from the EU starting on 1 June. Following discussions with Ursula Van Der Leyen, the deadline was pushed back to 9 July, with the President of the
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
France’s fiscal deficit worsened in 2023 and 2024. Spending growth was maintained, despite the slowdown in public revenues growth. The 2025 budget should enable consolidation to begin thanks to a rebound in revenues. However, spending as a share of GDP is expected to remain relatively stable. The challenge of continuing fiscal consolidation in 2026 therefore
ADVANCED ECONOMIES United StatesHeadline inflation for April was lower than expected, but inflation expectations continue to rise. Inflation (as measured by the CPI) reached 2.3% y/y (its lowest level since February 2021) due to a sharp decline in energy prices (-3.7% y/y), while core inflation remained unchanged at 2.8% y/y. Producer prices fell by 0.5%