Bretton Woods 3.0

The latest Macrocast report from AXA Investment Managers explores the evolving global financial landscape, with a focus on the shifting dynamics of the US-European economic relationship. 

Key insights include:  

• European investors have surpassed China as the largest foreign holders of US government debt.  
• The US benefits from this shift, as it relies on a political ally rather than a geopolitical rival.  
• Potential risks arise from proposed US policies that could pressure Europe into increasing its exposure to US debt.  

Read the full report for a deeper analysis of these macroeconomic trends.