The EU’s Tobacco Excise Directive set a harmonised framework for cigarette taxation, but our study shows that differences in the pace and scale of excise increases have contributed to a rise in illicit trade, especially in high-price Member States, and mixed cigarette excise revenue outcomes between 2011 and 2024 —highlighting the need for a more gradual and coordinated approach with the upcoming revision of the Tobacco Excise Directive.
The Supreme court ruling on tariffs lowers the effective tariff rate down sharply. In this report, we discuss its implications.
Demographic trends imply emerging market savings rates are approaching multi-decade peaks and will only fall marginally over the next few decades.
Frontier sectors are central to the UK’s Industrial Strategy. Our latest research reveals where growth is concentrating, and what leaders can do next.
Asia remains one of the world’s most dynamic growth regions—but the forces shaping business outcomes are changing.
In this interactive webinar, our economics experts from around the world will cover our latest insights on the impact of AI on economic growth and labour markets, as well as our proprietary upside and downside AI scenarios. We will also take extensive questions on AI from the audience, covering top-of-mind issues for participants.
The federal shutdown that started on October 1st is on course to be one of the longest in years and could have a significant impact in a handful of mostly southern metros.
Millions are expected to lose coverage due to new eligibility rules and the expiration of premium subsidies.
We built a forward-looking framework for analyzing how US tariffs achieve or undermine the various goals touted by policymakers.
To really understand exposure to risk, you need to look at how a business interacts with the broader economy.
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