➦ The geoeconomic playbook of global trade
A renewed but contained trade war could cost global trade growth 0.6pp in 2026, while a full-blown trade war would cost up to 2.4pps.

➦ The cost of uncertainty in Germany, the finishing touch of the Chinese stimulus and all eyes on Brazil while this COP is in Baku
Germany: what’s next? Snap elections are set for 23 February 2025 but Germany urgently needs greater stability and reduced uncertainty to ward off economic stagnation.

➦ How are the European and US chemicals industries diverging?
The global chemical industry has reached a crossroads, with Europe facing major challenges

➦ Inflation redux
Mix of Economic Data from G10 and Emerging Economies

➦ Bank of England takes it easy on monetary easing
The Bank of England (BoE) delivered a widely expected 25 bps policy rate cut to 4.75% at today’s monetary policy announcement.