Europe
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Le déluge - France remains on a downward path
29 August 2025
French Prime Minister François Bayrou has called a confidence vote for 8 September 2025.
Fiscal fault lines: A global review of sovereign fiscal health
27 August 2025
We provide a comprehensive assessment of fiscal sustainability across developed and emerging markets.
Global Macro Research: State of the world
25 June 2025
Markets have started to price in UK policy easing in 2024, but we believe those looking for aggressive cuts may be disappointed.
Archive
Global Macro Research - US exceptionalism: at a crossroads
09 June 2025
US exceptionalism has underpinned a long period of asset outperformance, but we stand at a cross roads, and this long standing trend may be drawing to a close.
Global Macro Research: Trade Wars 2025
04 June 2025
Tariff uncertainty has created considerable market volatility, but impact on growth remains unclear. We take a look at what my lie ahead.
Global Macro Research:What a tripolar world means for Europe
04 June 2025
We ask Gideon Rachman, Chief Foreign Affairs Commentator at the Financial Times to give his thoughts on the global outlook
Global trade in chains: part 3 - China vs the US: non-tariff barriers
25 April 2025
The third in a series of articles sharing our thoughts on the unfolding global trade war.
Global Macro Research: reflections on Europe versus the US
17 April 2025
Professor Robert J Gordon provides his thoughts on the divergence between US and European growth and challenges the common perception that the US holds a significant advantage over Europe.