Global Economics
Find economic insights and analysis on the latest geopolitical and macroeconomic developments and their local and global implications.
Exclusive Canada 2026 Outlook: The cycle of Protectionism
The Canadian economy has deteriorated rapidly as it tries to adjust to a world dominated by protectionism, and new challenges posed by its southern neighbor.
Exclusive Banxico Post-Decision Report: The "S" word?
Banxico released its decision to cut the overnight policy rate 25bp to 7.00% at the December 18 meeting.
ECB post-meeting comment: Not static, not dynamic
The ECB kept its policy rates on hold for a fourth straight meeting.
Exclusive Banxico Preview: "Cuts signal complacency"
We expect Banxico to cut the overnight policy rate by 25bp to 7.00% at the December 18 meeting. This is the unanimous view of Bloomberg surveyed analysts.
Eurozone outlook 2026
The Eurozone economy outperformed expectations in 2025.ï‚ŸGrowth is projected to soften somewhat in the near term and to reaccelerate over the course of 2026.
Global outlook 2026: New rules, different economy
Although 2026 may initially appear to be a more stable year, geopolitical risks remain a defining factor.
The only way is up? Reviewing the Reserve Bank of Australia's December decision
Join RaboResearch’s Senior Market Strategist Ben Picton as he unpacks the RBA’s December cash rate decision.
Exclusive Impending Supply Uplift
European gas prices hit multi-year lows in December as confidence builds, while new LNG supply threatens to tip global markets into surplus.
ECB preview: The ECB goes into hibernation
We don’t see any reason for the ECB to change its policy. Neither does the market. Another hold will probably cement the markets’ view that the cutting cycle is over.
Dutch economy expected to continue growing in 2026 and 2027, but unemployment will rise
The Dutch economy is expected to continue growing by 1.3% over the next two years, driven mainly by household consumption and government spending.
Exclusive Bear Season (How Low Can It Go?)
Our detailed thesis contrasts the current market narrative of oversupplied oil markets in 2026 with the physical constraints that prevent $30-40 prices from happening.
Alignment
President Trump is close to nominating the next Fed Chair. While Kevin Hassett is seen as the leading contender, the name of the nominee may not be particularly relevant.