Slow food for thought

Insights and research on global events shaping the markets

Looking for early impacts of President Trump on the global economy

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01/04/2025

As global trust in open markets erodes, national capitalism is emerging as a new strategy where states reclaim control over production, trade, and security to serve sovereign interests.

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Insights and research on global events shaping the markets

The first quarter of 2025 has been a particularly turbulent one for the financial markets: US equities had their worst relative performance in 23 years, Chinese markets rebounded, gold reached new highs and economic and geopolitical uncertainties fuelled volatility. Here are 10 charts that highlight the first three months of the year.

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