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Tariff shocks have worn off, but investor concerns are shifting to fiscal risks. Explore what’s driving international economies and markets in our latest analysis.
European defence spending is set to rise. However, fiscal considerations and low growth multipliers will constrain the economic tailwind somewhat, while fractured procurement and reliance on arms imports need to be addressed.
In the latest episode, we explore Argentina’s dramatic economic turnaround under Milei and ask whether the reforms can stick.
President Javier Milei has overseen sharp policy shifts aimed at stabilising the country’s economy, including fiscal consolidation and disinflation. The latest IMF deal and peso liberalisation are further positive steps. But sustaining this progress and a major return to international capital markets will require further reform and is not guaranteed.
Both developed and emerging economies have huge physical infrastructure investment needs, which we quantify using a new modelling framework. Building this infrastructure will be essential to underpin future growth and hitting sustainable development goals. Substantial amounts of private capital will be required to help fund this investment.