Global economy and trade
Explore recurring issues in Europe’s relationship with its extended neighbourhood, and economic relations with China, India and the rest of the world.
The global economy in continues to be affected by the pandemic. However, it is also marked by major geopolitical developments, from President Biden’s inauguration and a revival of the transatlantic relationship, to the continued rivalry with China, with the EU caught in-between these global trends.
Bruegel’s scholars cover the European Union’s increasing assertiveness towards neighbours over the past year, including the external repercussions of the European Green Deal, managing a crisis at its borders, building a future relationship with a former member, strengthening the international role of the euro and tackling a resurgent China.
Recently published and updated
China’s currency slide adds to its economic headaches
Assessing the State of the Union 2023
In this episode, we look at the 2023 State of the Union address delivered by Ursula von der Leyen, President of the European Commission.
As China’s Economy Drags, the Rest of Asia Offers Hope
What to expect from the BRICS expansion
The evolution of the grouping alongside the changing dynamics of political economy.
The story of China’s electric vehicle industry
China's EV industry is not just about rapid growth and success; it involves intricate geopolitical dynamics that could put its success at risk.
China Economic Database
Repository of what we consider to be the most relevant macroeconomic data for China and EU-China relations.
Russian foreign trade tracker
The dangerous link between China’s real estate demise, the economy and the financial system
China’s property sector is plunging further into a crisis that could have major ramifications on the country’s real economy and financial sector.
Upcoming events
Going for Growth: creating the conditions for a decisive transition
Launch of the OECD Going for Growth flagship publication
Policy brief
02 December 2022
How to implement the self-preferencing ban in the European Union’s Digital Markets Act
The European Union Digital Markets Act (DMA) bans large online platforms under its scope from treating their own products more favourably than rivals.
Blog post
30 November 2022
The European Commission's fiscal rules proposal: a bold plan with flaws that can be fixed
The European Commission’s proposal for reforming the EU fiscal rules is far-reaching, but its shortcomings need to be addressed.
Blog post
28 November 2022
Does inflation hit the poor hardest everywhere?
Low-income households suffer most from high inflation, but in some European Union countries the inflation burden is felt more equally than others.
Policy brief
23 November 2022
Promotion of high capacity broadband to rebuild and recover from the pandemic
High-capacity broadband infrastructure will be a key enabler of a forward-looking recovery after COVID-19.
Blog post
22 November 2022
To cap or not to cap: the deal Europe needs on energy prices
An EU gas price cap would be counterproductive, but the reasons why it is supported widely must be acknowledged and addressed.
Policy brief
22 November 2022
Completing Europe’s banking union: economic requirements and legal conditions
This contribution analyses the deficiencies of the current framework and identifies possible responses, in line with three levels of reform ambition.
Policy brief
18 November 2022
Lessons for Europe from China’s quest for semiconductor self-reliance
This paper explores China's quest to become a domestic-demand-driven economy, and the lessons that can be learnt from its quest for self reliance.
Working paper
17 November 2022
Deglobalisation and Protectionism
This paper presents a data-driven examination of whether deglobalisation has happened and whether protectionism was the cause.
Blog post
10 November 2022
With a little help from some friends: coordinating Digital Markets Act enforcement
Digital Markets Act enforcement will be much more effective if EU member national authorities are involved
Blog post
09 November 2022
Success at COP27 will be defined by progress on climate finance and ‘loss and damage’
COP27 should create the basis of a global loss-and-damage fund to help vulnerable countries already suffering from climate disasters.
Blog post
08 November 2022
Beyond the training gap: learning foundational skills on the job
Low-skilled workers tend to have jobs that are less likely to foster foundational skills. This worsens skills gaps and income inequality.
Blog post
03 November 2022
Is globalisation really doomed?
Globalisation is under attack; to preserve its benefits, healthy domestic social contracts are essential.
Blog post
27 October 2022
European Union fiscal rules: is a better system feasible?
EU countries seem to be converging on a set of reform objectives. But can these be jointly satisfied? Two recent proposals offer some hope.
Policy brief
26 October 2022
How have sanctions impacted Russia?
In this paper we assess both the immediate economic impact and the likely longer-term impact of sanctions on the Russian economy.
Blog post
24 October 2022
National policies are the best protection against euro-area financial fragmentation risks
An analysis of German-Italian spreads under five Italian governments shows that the gap was biggest when Italian policies worried markets most.
Blog post
19 October 2022
The sometimes puzzling differences in transatlantic earnings growth
Low-skill workers have seen faster wage growth than high-skill workers in many EU countries, contrary to the United States.