Global Economics
Find economic insights and analysis on the latest geopolitical and macroeconomic developments and their local and global implications.
Exclusive Canada Update: Snowflake
CAD avoids the high-volatility, high-risk profile that deters investors in a risk‑off environment, making it comparatively more attractive among commodity currencies.
Exclusive Mexico Update: Energized
MXN’s asymmetric beta to risk persists: in a high‑rate world it remains relatively resilient during risk‑off, supporting continued demand for Mexican assets...
Global fertilizer markets feel impact of conflict in the Middle East
The current conflict in the Middle East is disrupting global fertilizer markets, raising prices and tightening supply across global agriculture.
Another supply shock for the Fed
A second supply shock – from higher oil prices – is expected to hit the US economy.
Energy Insights of the Week
In the wake of the U.S. - Iran conflict, we are raising our energy price forecasts.
Global Daily: The New Age of Empires
The U.S. and Israel attacked Iran on Saturday morning, and not a ‘one-and-done’ strike aimed at more negotiations...
Exclusive Global beef quarterly Q1 2026
Tightening global beef supplies and China’s introduction of import quotas are set to reshape global trade flows and increase price volatility throughout 2026.
Exclusive Iran and the Strait of Hormuz
Oil‑market tensions could drive prices higher and indirectly lift gas, while major supply disruptions appear unlikely but hard to rule out entirely.
Global Daily: One Battle After Another
US and Iranian negotiators meet in Geneva today to hear Tehran’s final offer but reports of what they have to offer suggest we should prepare for the worst.
Global Daily: The tendency for the rate of things to fall
As markets deal with Marx’s Tendency for the Rate of Profits to Fall without knowing it, they also have to look at the tendency for other things to fall - like bombs.
Tariff Restructuring
The first takeaway from the ruling and Trump’s reactions is that the tariffs are not disappearing; they are being restructured.
Global Daily: Plan B-52
US stocks closed higher on Friday following news that the Supreme Court had ruled 6-3 that Donald Trump’s signature tariff policy is illegal...