Acta, non verba
Alberto Di Iorio, Emilie Fitzgerald, Thomas Lammer, Antonio Perrella, Tara Rice, Federico Semorile and Stefano Siviero call to focus on tangible results in interlinking fast payment systems to enhance crossborder payments
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Global trade
The bazooka diplomacy of Trump’s tariffs
President Trump’s recent pronouncements on tariffs have received considerable attention. Michael Gasiorek and Nicolo Tamberi take a step back and considers some of the broader arguments for raising tariffs and the potential repercussions
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Europe’s challenge and opportunity
Donald Trump has launched an all-out attack on the rules-based international order. Olivier Blanchard and Jean Pisani-Ferry argue that the EU should take the lead in convening alliances of countries to counteract threats to the global order
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GVCs in an uncertain world
After a long period of rapid globalisation, the openness of the world economy has stagnated. Marius Faber, Gleb Kozliakov and Dalia Marin argue that increased uncertainty, coupled with ever more capable automation technologies, has likely contributed to this trend break
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Globalisation recedes, conflicts multiply
Suzanne Berger considers the lessons learned from COVID-19 and how heightened war risks have added to the backlash against domestic manufacturing losses, undermining globalisation
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Europe has strengths it can build on
Remaining competitive is fundamental for Europe’s future. Christine Lagarde and Ursula von der Leyen argue that Europe needs faster economic growth and higher productivity to protect the quality of life for Europeans
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Not yet Trump-proof
Heather Grabbe and Jeromin Zettelmeyer evaluate the capacity of the EU’s economic strategy to address structural problems and whether policy needs to change under Trump
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Tariffs are coming
Donald Trump has promised a raft of new tariffs, prompting concerns about a concomitant increase in inflation. Diego Comin and Robert Johnson argue that tariffs do not necessarily raise inflation, which is a macroeconomic phenomenon
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Peace and prosperity in a fragmented world
The world is facing an alarming rise in geopolitical tensions and conflicts. Fabio Panetta considers current trade and geopolitical tensions and reflects on the link between peace and prosperity
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Pragmatic and principled
The EU has signalled its readiness to engage and negotiate with Donald Trump. Ursula von der Leyen warns of a race to the bottom and the need to avoid a trade conflict that would hurt both sides and the global economy
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