Europe must become less dependent on the United States

In his outlook for 2025, BNP Paribas Fortis Chief Economist Koen De Leus looks at macroeconomic developments. He focuses on Europe and states that action must be taken and that the continent must aim at greater independence from the United States. Furthermore, his analysis of the Belgian growth potential shows that the most important asset for our country is an improvement in productivity. Chief Strategy Officer Philippe Gijsels expects a potentially volatile year on the equity markets, while he considers the long-term supply and demand dynamics for commodities to be favourable. He also notes that the evolution of the US dollar is less obvious than it seems at first glance.