Recent reports

3rd Quarter 2025

Risk assets have rebounded sharply on improving sentiment around tariffs. However, tariffs have only started passing into producer and consumer prices, so we anticipate greater impacts on economic activity and corporate earnings in the second half of 2025. Read further for more insights from the Nationwide Economics team

2nd Quarter 2025

Financial markets began the second quarter of 2025 in a very different position from the start of the year. Even after pausing the highest tariff levies, substantial changes in U.S. trade policy mean the effective tariff rate is now at the highest level since before WWI. Read further for more insights from the Nationwide Economics team