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Archive » January 2026 » Uncertainty and the economy, today

Uncertainty and the economy, today

Pierluigi Ciocca, Giangiacomo Nardozzi
January 2026 - n. 1
Keywords: Economia, incertezza, mercati finanziari
Jel codes: D80, D81, G10, G20

In 2025, after the announcement of the tightening of Us tariffs, uncertainty on a global scale has exploded, while confidence, trends and forecasts on economic activity remained stable. The paradox can be explained by different hypotheses about expectations, the merits of which, however, are difficult to assess.

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