2025 Marketing & Communication Strategy

02. MACROECONOMICS & STRATEGY

...due to twin deficits in the United States...

Budget and current account balances (as % of GDP) - United States

Budget and current account balance (as % of GDP) - Eurozone

4

Chart Title

Chart Title

4

2

2

0

-2

0

-4

-2

-6

-8

-4

-10

-12

-6

-14

-8

-16

2013

2015

2017

2019

2021

2023

2000 2004 2008 2012 2016 2020 2024

Balance budgétaire

Balance courante

Balance budgétaire

Balance courante

Public

Sources: OCDE, Macrobond, Rothschild & Co Asset Management – 10/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.

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