BFA - Economic Report

Dear subscriber [name],

Please find attached the 1Q 2025 Economic Report

Highlights:

• From China to London: Changing debt Profile;

• The foreign exchange market has shown relative stability in recent months;

• There is a silent war in global value chains taking place;

• Middle East tensions reduce traffic in the Suez Canal;

• What is so rare about "rare earths"?

Best regards,
BFA

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