Global macro research hub

    banner

    Latest views

    State of the world

    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.

    US exceptionalism: at a crossroads

    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.

    Trade Wars 2025

    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.

    Previous research

    What a tripolar world means for Europe

    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 Macro Research: Global trade in chains part 4

    Global Macro Research: Global trade in chains part 4

    20 May 2025

    Deals with the UK and China suggest the US is beginning to de-escalate its trade war – but tariffs are still likely to have a meaningful impact on growth and inflation.

    Global trade in chains: part 3 - China vs the US: non-tariff barriers

    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

    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.

    Global trade in chains: part 2 -  The impact of uncertainty

    Global trade in chains: part 2 - The impact of uncertainty

    14 April 2025

    The Second in a series of articles sharing our thoughts on the unfolding global trade war.

      image image

      Global macro research: Editorial committee

      Global macro research: Editorial committee

      Find out more

      Back to top