CONTACT US
Search
CONTACT US
Global trade: Resilient yet diverted

Global trade: Resilient yet diverted

  • Looking at the U.S., EU28 and China, goods’ export gains YTD reached EUR29bn in May 2019. This compares to EUR22bn in the same period of 2018.
  • A trade diversion is at play and Europe benefits:
  • Goods that have not been exported from the U.S. to China have been almost compensated by EU28 exports to China.
  • Goods that have not been exported from China to the US have been almost compensated by EU28 exports to the U.S.
  • The sectors that experienced the highest expansions are chemicals (incl. pharmaceuticals), machinery and transport equipment (incl. car and aircraft components) and agrifood.
Authors
Unwrapping corporate commodity dependencies
Unwrapping corporate commodity dependencies

Russian dolls: unwrapping corporate (commodity) dependencies

A further +50% to 70% rise in non-energy commodity prices could actually wipe out all profits in six out of the nine sectors under analysis.

More information
global economic outlook
global economic outlook

Economic Outlook: Energy, trade and financial shockwaves

The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.

More information
ECB March monetary policy meeting
ECB March monetary policy meeting

Not so hawkish after all: Is the ECB past the peak or just on pause?

We believe that the ECB will remain in a wait-and-see mode at the March meeting as concerns about slowing growth and tighter financial conditions will outweigh inflation fears.

More information
Gender income gap in the EU
Gender income gap in the EU

#IWD2022: break the gender pay gap!

The gender pension gap is even wider than the pay gap.

More information
EU energy prices
EU energy prices

The (energy) price of war for European households

The invasion of Ukraine will propel energy prices even higher.

More information
EU energy imports from Russia
EU energy imports from Russia

Can europe do without Russian gas?

Imports from Russia account for close to 36% of total EU gas supply, with Hungary, Slovakia and Czechia the most reliant.

More information

Russia-Ukraine crisis: Conflict escalation

De-escalation depends on three channels of transmission: energy, finance and trade.

More information
Wealth share of the middle class
Wealth share of the middle class

Is the wealth middle class shrinking?

Only three countries have seen the wealth share of the middle class improve since the 2008 financial crisis.

More information
sector inflation risks
sector inflation risks

Who’s afraid of inflation? A corporate view

If commodity prices, wages or interest rates rise more than expected, some sectors are particularly at risk of a liquidity and profitability squeeze.

More information
Agriculture and forestry in Europe
Agriculture and forestry in Europe

Carbon farming: a transition path for agriculture & forestry

To reduce emissions and comply with the 1.5°C goal, an investment gap of EUR8.3bn needs to be filled in the agriculture and forestry sectors.

More information
Inflation and wage-price loop
Inflation and wage-price loop

Frying pan to fire: Will inflation spark a wage-price spiral in 2022?

Labor market developments play a key role in maintaining or amplifying the inflationary momentum.

More information
Euler Hermes Global economic outlook 2022
Euler Hermes Global economic outlook 2022

Economic outlook: Don’t look up

Global growth should remain robust but uneven, with rising divergence between advanced and emerging market economies.

More information
Infrastructure spending in Europe and the US
Infrastructure spending in Europe and the US

Public infrastructure investment: enough bang for the buck?

The recent scaling up public infrastructure investment has become an essential element of the fiscal stimulus during the recovery phase of the pandemic and promises to reverse the secular decline of capital spending.

More information
Social Risk Index 2021
Social Risk Index 2021

Social Risk Index: Leave the door open for development

Advanced Economies are generally less vulnerable to systemic social risk than Emerging Markets, and the gap between the two has widened during the pandemic.

More information
Euler Hermes Global Trade Report 2021
Euler Hermes Global Trade Report 2021

Global Trade Report – Battling out of supply-chain disruptions

When it comes to inputs from China, Europe is on the weak side of the tug-of-war against the US.

More information