Hello, everyone, and welcome to another episode of Macro Waves, the BNP Paribas Economic Research podcast. Today, we're looking at household consumption, which remains the main driver of growth in both the Eurozone and the United States. As we all know, household consumption suffered a major negative shock during the COVID-19 pandemic. Since then, growth has remained very moderate in the Eurozone, while it has accelerated sharply in the United States. After the pandemic, the inflationary crisis and contrasting economic policies of recent years, where do we stand on either side of the Atlantic?

https://economic-research.bnpparibas.com/Home/en-US

Hosted on Ausha. See ausha.co/privacy-policy for more information.

In today’s discussion, we delve into the public finances of emerging economies in 2025, based on an exclusive analysis of our most recent EcoPerspectives issue focused on these economies. With robust but slowing growth, rising public debt and limited fiscal flexibility, what challenges and opportunities lie ahead for these countries?

That's what we're going to explore with Hélène Drouot, an expert on Latin America and Lucas Plé, who specialises in sub-Saharan Africa

https://economic-research.bnpparibas.com/Home/en-US

Hosted on Ausha. See ausha.co/privacy-policy for more information.

https://economic-research.bnpparibas.com/Home/en-US

Since Donald Trump's return to the White House in 2025, the United States has massively increased its tariffs. As a result, trade flows to the US have been disrupted, but has this affected the dynamics of global trade? And above all, are we heading towards a major restructuring of global trade?

Fins out more here: EcoPerspectives — Advanced Economies | 3rd Quarter 2025– Economic Research – BNP Paribas

Hosted by Ausha. See ausha.co/privacy-policy for more information.