Global Scans · Economy · Weekly Summary

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

• [New] A joint US-Israeli war in Iran harms American interests and would threaten American lives while draining resources and diverting strategic attention from pressing priorities. Blog.hu
• [New] The potential for infectious diseases to destabilize economies and challenge global security underscores the interconnections of health and economic stability. BioMed Central
• [New] The global health landscape has been increasingly challenged by the emergence and reemergence of infectious diseases, posing significant threats not only to public health but also to economic stability and international security. BioMed Central
• [New] Geopolitical events remain among the most unpredictable factors influencing crude oil prices today, capable of triggering rapid price spikes that ripple through global markets. Discovery Alert
• [New] IRA Timeline Clarity Emerges for Project Planning: Senate budget creates defined deadlines-wind / solar need construction starts by end of 2025 for full tax credits, scaling down to 20% by 2027. The Surge
• [New] Markets in the US have recovered to where they were before the threat of tariffs sent them rapidly lower in April, a bounce that has taken them back to the historically expensive valuations of the beginning of the year, leaving a narrow margin for economic error. James Hambro -
• [New] Cyprus is preparing a sweeping tax overhaul that will broaden the tax base, toughen enforcement and ease the burden on households and businesses. IFC Review
• [New] The Trump administration's clear preference for lower oil prices will probably see the US discourage Israel from an approach that puts energy flows at risk. Middle East Institute
• [New] Plan A 2025 will do even more with M&S aiming to make its entire business model zero waste - not just its own operations but also its supply chains and products. Marks & Spencer
• [New] For the global economy, an expanding conflict adds to the risk of higher oil prices and an upward impulse to inflation. financialpost
• [New] After plummeting post-Liberation Day, U.S. equity markets have climbed higher on hopes that pauses on tariffs will lead to trade deals, making any economic impact short-lived. Commonwealth Financial Network
• [New] Given the continued positive economic surprises happening internationally, along with still-subdued valuations relative to the U.S., international outperformance could continue in the second half of the year. Commonwealth Financial Network
• [New] Additional relief signals in inflationary pressures could revive trust in US economic performance and relieve concerns related to tariffs. World Stock Market
• [New] Pakistan has recently established a trade mission in Singapore to strengthen bilateral economic ties and explore new trade and investment opportunities. brecorder
• [New] New military spending - Sorting out the economic implications The federal government this week said it will significantly boost military spending to meet NATO's 2% of GDP target by early next year, much sooner than planned. ATB Financial
• [New] In summary, Germany's economic reboot is centered on innovation, sustainability, and digitalization, with the ambitious target of achieving carbon neutrality by 2045. US Newsper
• [New] A US attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety. ArabNews
• [New] The rapid integration of AI across diverse sectors and global economies is transforming the employment landscape in unprecedented ways, with India and the world witnessing both disruptive job losses and the emergence of new opportunities. OBSERVER RESEARCH FOUNDATION ( ORF )
• [New] At a time of growing global uncertainty - amid trade disruptions, rising inflation, climate change and international instability - Canada is looking for ways to strengthen its economy, create good jobs and build lasting resilience. The Globe and Mail
• [New] The intensifying conflict in the Middle East has driven energy prices higher, which could put upward pressure on inflation and complicate future monetary policy decisions. Krungsri2020
• [New] Bitcoin could reach $120,000 in the coming months if the Federal Reserve moves to cut interest rates in response to rising geopolitical tensions and external economic pressures, such as trade tariffs and military conflicts. Klever Wallet
• [New] The extension to the Roche collaboration will see Halozyme receive an initial $30 million with the potential to earn additional payments of $160 million subject to milestones, as well as tiered, mid-single digit royalties on sales of commercialised products. Pharmaphorum

Last updated: 24 June 2025