Global Macro Views

We examine Europe’s fiscal outlook as rising defense spending reshapes budget priorities. Germany is abandoning fiscal restraint, boosting military a...

In our third note looking into the U.S. oil production we do a deep dive into breakeven oil prices, a key factor in investment decisions for the U.S. oil industry. Falling productivity combined with increasing costs have put pressure on breakeven prices, limiting the scope for a production boom.

We assess the U.S. fiscal outlook as debt and deficits climb. Entitlement spending is set to rise, with Social Security and Medicare driving costs hi...

Fiscal discipline and efficiency gains over the past few years has given the U.S. oil industry plenty of scope to invest in future production. However, in recent earnings calls oil executives have signaled a cautious approach to future investment and a reluctance to increase spending.

New 10% tariffs on $450–500bn of Chinese imports escalate U.S.-China trade tensions. China responded with tariffs on U.S. energy and agriculture, and...

The original version of this GMV, published on Feb 20th, was based on WITS data as of Feb 14th. Since then, WITS has significantly updated its dataset...

The U.S. dollar remains the world's dominant reserve currency, but its supremacy faces emerging challenges. Historical trends in globalization have b...

Tariff threats against Canada and Mexico, though delayed 30 days, have already disrupted markets. Repeated tariff use weakens U.S. leverage, pushing ...