Pricing cascades: Inflation in a networked economy
The post‑pandemic inflation surge is often attributed to pent-up demand and opportunistic price hikes by firms. This column argues that the surge was not driven
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
Innovation in the digital economy architecture: Ensuring regulatory simplification drives innovation and growth
Over the last decade, the EU has pioneered a world-leading framework for digital governance, but the result has been an increasingly complex regulatory landscape and
Bilateral trade in services: A new research database
While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only
Global merchandise trade tops expectations in H1
WTO economists raised the 2025 merchandise trade growth forecast to 2.4%. Global merchandise trade outpaced expectations in the first half of 2025, driven by increased
How is innovation competition exacerbating global overcapacity?
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past two decades, China has emerged as
Globalization and the reform of European social models
Combining product and capital market reforms at EU level with labour market and social policies at national level would be desirable, particularly within the euro
From coal dust to green jobs: The employment imperative in the low-carbon transition
The last coal mine in Wałbrzych, Poland closed in the 1990s, leaving a region that had long relied on mining facing severe economic disruption. Unemployment
Trump tariff policy, uncertainty, and the role of economics
President Trump’s tariff policy is shaking the global economy and generating high levels of trade policy uncertainty. This column challenges the economic reasoning behind recent
The looming global debt disaster
Despite a succession of shocks since 2020, the global economy has held up remarkably well—so far. But the margin for error is dwindling. Total global
