Global Economics
Find economic insights and analysis on the latest geopolitical and macroeconomic developments and their local and global implications.
The ECB holds to hike another day
The ECB saw no reason to hike rates today, but Lagarde hinted at a rate increase in September. This remains our base case.
Global Daily: A bridge too far?
The Middle East seems set for massive escalation. As climactic in geoeconomics, yesterday saw the FT editor make clear, “We are living in a mercantilist era.”
Global Daily: Summertime and the livin' ain't easy
Summertime and the livin’ ain’t easy. Bombs are droppin’ and the oil is high.
Exclusive Section 338: Curds, cars, and cocktails
The Trump Administration has invoked Section 338 to impose new 50% tariffs on Canadian goods effective August 19.
Mixed signals on economic activity
IBC-Br points to a modest acceleration in economic activity in May, but the outlook remains weak for the rest of the year. In May, the IBC-Br—a monthly proxy for Brazil
Global Daily: It's the 70s! It's the 80s! It's the 90s!
With Brent oil over $90 this morning (now $89) and crack spreads near $70, so diesel is around $160 in effective terms, energy markets are far from comfortable.
Implications of the potential EU ban on Brazilian meat and poultry
A potential EU ban on Brazilian meat would tighten supply, lift EU prices, and pressure Brazil to redirect exports elsewhere.
Exclusive Global aquaculture update 2H 2026: Converging global pressures drive uncertain outlook
Macroeconomic headwinds weigh on consumption, while environmental risks and shifting trade dynamics could continue to reshape supply and pricing.
Exclusive Bank of Canada Post-Decision Report: Overly optimistic
The Bank of Canada released its decision to hold the overnight policy rate at 2.25% at the July 15 meeting.
Exclusive Global avocado update 2026: Structural supply growth and climate-driven variability reshape global avocado markets
The global avocado market continues to grow, but rising structural supply, climate-driven variability, and geopolitical turmoil bring increasing volatility.
Global Daily: ""We have the tools/tolls to do it."
Warsh, war, good CPI, bad trade data. Let's stop and Hor-muse for a moment on what is and isn't going on.
July official cash rate decision, Hormuz memorandum of understanding, and rates outlook for New Zealand
Join Senior Animal Protein Analyst Jen Corkran and Senior Market Strategist Ben Picton as they discuss the July Reserve Bank of New Zealand meeting.