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Economic publications

  • #Economic publications

    The US-China trade war has entered uncharted waters

    The escalating trade war between the United States and China has reached a critical point, threatening to severely disrupt global trade. Reciprocal tariffs of over 100% are making trade between the two economic giants prohibitively expensive. The risk of recession, both for the US economy and the global economy, has increased significantly.

  • #Economic publications

    Political & Social Risk: what you need to watch out for in 2025

    Political instability, social unrest, geopolitical rivalries, the rise of populism, armed conflicts, coups d'État... After a year of electoral fervour, combined with geopolitical turmoil affecting global trade, political risk is now a lasting, complex and worrying reality that companies must deal with.

  • #Economic publications

    US ‘reciprocal’ tariffs: Trade war is declared

    On April 2nd, or the so-called Liberation Day, President Donald Trump announced a drastic increase in tariffs on all trading partners: at least 10% for all countries, and much higher for some. Whether or not these measures remain in force remains an open question, but they are already an unprecedented shock to the post-war global trading system.

Expert advice

  • #Expert advice

    Will all of the advanced economies stay ahead?

    Demographic ageing, slowing productivity gains, energy transition, technological competition: advanced economies are facing numerous complex challenges. In response, industrial policies are back in the spotlight, fostering competition. With the risk that desynchronised initiatives could trigger a race to outdo one another, leaving winners and losers.

  • #Expert advice

    Fragmented globalisation: Fracturing and geopolitical restructuring

    In a context of persistent conflicts and failed global governance, international tensions are intensifying. In the face of Trump's possible re-election, three experts analyse, during our last Country Risk Symposium, the transformation of international relations, the global geopolitical reconfiguration and its impact on business strategies.

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