Europe’s public finances in a warming world
Climate change is increasingly shaping macro-fiscal outlooks. Extreme weather events, chronic damages from global warming, and decarbonisation efforts all have growing implications for public finances
European and Chinese exports kept growing despite the 2025 Trump trade shock
Diversification has kept global trade strong, despite Trump’s tariffs and accelerated US-China decoupling. One of the main ways in which the economic policies of the
You only live twice: A growth strategy for Ukraine
Between regaining independence in 1991 and the Russian invasion in 2022, Ukraine went from being on par with the more prosperous economies of the former
How the global minimum tax amendments could reshape Europe’s tax incentives
This analysis offers estimates for EU countries of the possible impact of the ‘safe harbour’ update to the global minimum tax on corporate profits. An
The Bank of England’s capital mistake?
On 2 December 2025, the Bank of England’s Financial Policy Committee announced it would be lowering the capital requirement for UK banks. This column argues
UAE economy to exceed global growth in 2026; GDP revised up to 5%
Standard Chartered says country to benefit from shifts in global supply chains, strong non-oil sector. The UAE economy is poised to expand faster than previously
What we can learn from public debt reductions in OECD countries
Public debt-to-GDP ratios have risen substantially over the past 25 years, and multiple spending pressures threaten to increase them further. This column outlines the lessons
Post-pandemic trends in extreme poverty around the world
Years of shocks and imbalanced recoveries have significantly impacted longstanding global poverty trends. In just the last five years, the economic pressures induced by the crises of
India forecasts 2025/26 economic growth at 7.4%
The Indian economy grew 6.5% in 2024/25 and 8.2% in 2023/24. India’s economy is expected to grow 7.4% in the fiscal year ending in March,
Two decades of Chinese industrial subsidies
China’s industrial policy has become a central flashpoint in global trade debates, yet systematic evidence on what China actually does remains scarce. This column reveals
