The aggressive trade policy pursued by the UK could lead to a +2.2% increase in import prices over a year, and be negative for competitiveness abroad.

We estimate that 20% of those currently enrolled in short-work schemes face an elevated risk of becoming unemployed in 2021 because of the muted recovery in late bloomer sectors and the policy cliff effect.

Wall Street is responding faster and faster to counter-cyclical policies, as if it was 100% sure that past experience is a sure guide to the future.

At the end of H1 2020, we estimate the net savings of EU non-financial corporates to have doubled to over EUR700bn, or more than 4.5% of GDP

Our proprietary Trade Momentum Index shows that Q2 is likely to see an even stronger contraction.

In response to the Covid-19 crisis, gross financing needs could amount to EUR800-900bn for the Eurozone, and only part of it will be covered by the issuance of long-term bonds.

This first attempt at a transfer union may make net payouts look small for, say Italy, but symbols do matter.

The Covid-19 crisis has pulled the rug out from under the feet of the German economy.