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Analyses of current macro and market developments

July 16, 2024

News

Tourism, a fragile pillar of Europe’s recovery

  Accounting for around 10% of the EU's GDP, tourism is one of the key pillars of the European economy, with a considerable impact on employment and development. With the summer holiday season in full swing, we take a look at the latest travel trends...

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July 1, 2024

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Can US households continue driving growth?

Consumers are the Atlas holding up the American economy. With the US representing around one-quarter of global output, and with personal consumption accounting for an estimated 70% of US GDP, the willingness and ability of US households to spend, matters. In the period following the...

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June 3, 2024

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European energy – everything under control?

Prior to the invasion of Ukraine in February 2022, the lion’s share of Europe’s energy imports came from Russia. It accounted for 28% of the continent’s total crude oil imports, while Russian pipelines delivered 44% of all imported gas. The outbreak of war and the...

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April 22, 2024

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Paris Olympics 2024: Costs under control, unless we’re talking about real estate

    This summer, 16 million visitors are expected to descend upon Paris for the 2024 Olympics. For the host country, the Games can be a costly affair. In 2016, for example, the state of Rio de Janeiro defaulted after event-related costs caused its debt...

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March 11, 2024

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Are we watching an AI bubble inflate?

After hitting a new all-time high at the beginning of March, the S&P 500 might be on track for one of its best first quarters in decades. However, the gains are almost exclusively powered by a handful of large technology firms that are benefitting from...

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