IMF strategy chief urges countries to maintain price stability
Christian Mumssen, the fund’s new director of strategy, cited a rapid succession of major shocks to the economy in recent years. The International Monetary Fund’s
Gold bounces from two-week low, markets await US inflation data
Gold bounces from two-week low, markets await US inflation data. Gold ticked higher on Tuesday after hitting a two-week low, while focus was on the
Dollar dips ahead of US inflation data, supported by rate outlook
Reuters poll forecasts U.S. headline inflation at 3.8%. The dollar remained in sight of 13-month highs on Tuesday ahead of U.S. inflation data, which will
After Credit Suisse, markets find bail-in less credible
When Credit Suisse failed in March 2023, Swiss authorities, against market expectations, set aside the resolution plan and arranged a UBS takeover backed by public
Higher utilisation explains the recent surge in productivity growth
US labour productivity has accelerated since 2022. Output per hour grew around 2.5% per year from the end of 2022 to the start of 2026,
Harmonising access and reinventing the procurement of innovative medicines in Europe
Europe pays for innovative medicines through 27 uncoordinated national negotiations, generating access delays, cross-country pricing externalities, and a weak position vis-à-vis both pharmaceutical firms and
Opening the black box of Europe’s new fiscal rules
The EU’s fiscal rules in force since 2024 are often criticised for their complexity. The official implementation requires thousands of lines of code and a
Beyond tariffs: why Europe and India must prioritise investment into manufacturing
The signing of the EU-India Free Trade Agreement (FTA) in January 2026 represents a significant milestone in bilateral economic relations, for both sides. However, it
A sober look at the case for common European Union debt
More EU debt will not lower public borrowing costs or deepen markets without fiscal-union features, permanent issuance and credible fiscal backstops. Proposals for common European
A plan for a World Trade Organization sectoral agreement on semiconductors
Trade weaponisation is straining WTO rules, but a semiconductor pact could show how to manage security risks. To promote their economic security, or simply to
