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Macro Waves

Macro Waves

By: BNP Paribas Economic Research
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Stories about money and markets : Monthly talks from the Economic Research department of BNP Paribas. Hosted on Ausha. See ausha.co/privacy-policy for more information.Copyright BNP Paribas Economic Research Politics & Government
Episodes
  • How can Europe attain energy sovereignty?
    Apr 30 2026

    Welcome to this new episode of MacroWaves, the podcast from BNP Paribas’s Economic Research department. In this episode, we’re joined by Pascal Devaux to discuss a crucial issue for Europe: its energy dependence. Reliance on imports highlights the European Union’s lack of energy sovereignty. This applies to both the primary energy mix and the infrastructure needed for its low-carbon transition.

    The EU is making progress, however, albeit very slowly.

    To what extent is the European Union dependent? What approaches could enable it to reverse the trend, or at least make progress? That is what we will explore in this episode.

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


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

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    14 mins
  • AI, a new strategic driver for emerging economies
    Apr 3 2026

    In this new episode of MacroWaves, we examine how artificial intelligence is reshaping growth in emerging economies. We hear from three economists at BNP Paribas Economic Research: Lucas Plé, Christine Peltier, and Hélène Drouot.
    While Asia dominates semiconductor production, other countries, such as those in Latin America and Africa, are either exploiting their mineral resources or falling behind.
    What challenges will they face? The answers lie in moving upmarket, securing energy supplies and avoiding increased geopolitical dependence in order to transform this opportunity into sustainable productivity gains.

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


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

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    12 mins
  • Public finances in advanced economies: significant yet surmountable constraints?
    Feb 23 2026

    Between rising interest rates, an ageing population and massive rearmament needs, the budgetary equation for advanced economies is becoming increasingly complex. Why is debt continuing to grow in the United States and France, while it is falling in Spain and Italy? How does Germany intend to finance its infrastructure and defence without jeopardising its budgetary stability?
    In this new episode of En Eco dans le texte, Stéphane Colliac, Marianne Mueller and Benjamin Puiseux explain the inner workings of public debt. They also explore reasons for optimism: from the impact of artificial intelligence on productivity to reforms in the employment rate of senior citizens.
    These are certainly significant constraints, but are they really insurmountable? Delve into the issues that will shape global economies between now and the end of the decade.

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


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

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    11 mins
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