In this issue, you will find Hélène Baudchon's editorial and the update of our “EcoNews” and “markets review” sections.
The announcements on April 2, featuring a massive and widespread (albeit differentiated by country) increase in US tariffs, constitute a historic shock. The final extent of the damage and the aftershocks remain to be seen, but there is no doubt that the economic consequences will be negative, starting with the United States. They are already evident in the turbulence on US financial markets. Even if there is a de-escalation in the trade war, which is our base case scenario, uncertainty remains extremely high, and activity will be penalized for a long time.
The latest economic news.
Equity indices, Currencies & commodities, and Bond markets.
