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Analyses of current macro and market developments

January 10, 2025

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Video summary of our Outlook 2025

2024 - The US economy exhibited impressive strength powered by consumption, while Europe struggled with weak demand and a protracted manufacturing downturn 2025 - The new US administration will have a major impact at home and abroad. There will be a greater divergence in economic...

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December 27, 2024

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BIL Investment Outlook 2025 – Tides of change

  Introduction from our Group Chief Investment Officer, Lionel De Broux       As the oldest private bank in Luxembourg, we’ve been managing clients’ wealth for generations, and we know that the best things are built over time. This belief seeps down into our...

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November 7, 2024

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The impact of the US election

    The results of the US presidential election have been made clear, with Donald Trump elected as the President of the United States for the second time. Even before all the votes were counted, the dollar climbed higher against a basket of currencies as...

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November 5, 2024

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Europe heads into winter two years after the energy crisis

  The 2022 energy crisis was a wakeup call for Europe, revealing Europe's energy vulnerability. A lot has been done been since, from reducing dependence on Russian gas to cutting overall gas consumption by 18%. Households have made great effort to change their habits, but...

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September 9, 2024

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What lies behind recent trends in the Eurozone’s labour market? How does Luxembourg compare?

At 6.4%, the Eurozone unemployment rate currently sits at its all-time low, but the picture varies from country to country. Labour market trends will influence the pace of the ECB's rate cutting campaign to support the Eurozone economy. We take the pulse of the dynamics...

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