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 •  Publication ECO

Reindustrialisation – Regaining control of European value chains

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Control over industrial value chains now sits at the heart of competitiveness, technological leadership and strategic sovereignty for the world's leading economies. European reindustrialisation rests on three inseparable conditions: bold strategic choices, organised cooperation despite its contradictions, and a capacity for innovation closely linked to the industry. Exploring an industrial model based on...

Reindustrialisation – Regaining control of European value chains
 •  Publication ECO

Spain – 2026-2027 Scenario: strong domestic demand in a deteriorating global environment

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The Spanish economy continues to show relatively robust growth in the first half of 2026, supported by private consumption, investment and a dynamic services sector. However, the conflict between the United States and Iran is gradually undermining the macroeconomic environment, driven by rising energy prices, a slowdown in global trade and tighter financial conditions. Against this backdrop, domestic...

ESPAGNE
 •  Publication ECO

United Kingdom – 2026-2027 Scenario: the economy is set to slow under the weight of energy prices and uncertainty

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The beginning of the year was encouraging for the UK economy with a rebound in GDP of 0.6% QoQ in Q126, stronger than expected, which has led us to revise upwards our forecast for average annual growth by 0.3 percentage points to 1.1%.

Royaume-Uni  - Scénario
 •  Publication ECO

World – Scenario 2026-2027: Another highly contingent scenario

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First, we must make assumptions about the conflict in the Persian Gulf, which in turn shapeq the energy price scenario that feeds into inflation forecasts; then we must assess any second-round effects; and finally, we must map out growth trajectories. 

 •  Publication ECO

Money20/20: the payments industry in shock

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At Money20/20, there’s a real hype around AI and agent-based technologies. Their power and potential are so significant that the payment industry is in a state of shock.

 •  Publication ECO

The urgent case for a truly integrated European energy system

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The succession of recent crises – the Covid pandemic, the war in Ukraine and now the conflict in the Middle East – has put energy back at the top of the agenda, no longer solely from an environmental perspective but as a fundamental driver of Europe’s economic power, with major implications for sovereignty and industrial competitiveness. 

L’urgence d’une véritable Europe de l’énergie
 •  Publication ECO

Asia – Charting a course through the fog of Hormuz

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Despite Donald Trump’s declarations and promises, the war with Iran rumbles on, tipping Asia’s economies into an era of uncertainty that is very difficult to manage.

Image d'illustration Drapeaux ASEAN
 •  Publication ECO

China – Hormuz: fuelling China’s desire for autonomy

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China has released its Q1 growth figures, sending a clear message to the rest of the world: the Iran crisis has thus far had no impact on Chinese economic activity. Year-on-year growth came in at 5% in Q1, up from 4.5% in the final quarter of 2025. These figures beat consensus expectations, which saw growth remaining below 5%, and enabled China to make progress towards its 2026 growth target (“between 4...

 •  Publication ECO

Artificial intelligence: driver of a new era of prosperity or mirage?

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In previous industrial revolutions, technological breakthroughs and technological progress have been engines of prosperity, stimulating economic growth by significantly boosting productivity.

L’intelligence artificielle, moteur ou mirage d’une nouvelle prospérité ?