Agathe Demarais

Global Forecasting Director

Thought leader on global affairs, with diplomatic and investment banking background

Agathe Demarais is the Global Forecasting Director of The Economist Intelligence Unit. Agathe is a leading voice on global issues, with a specific interest in trade, sanctions, European affairs, Russia and the Middle East. She draws upon her extensive diplomatic experience in emerging markets, deep policy-making knowledge and her background in investment banking to help a wide variety of audiences make sense of complex developments.


As The EIU’s Global Forecasting Director, Agathe oversees the publication of The EIU global/macro outlook. Agathe conducts high-level meetings with clients on global economic and political developments, presents at conferences on a wide array of topics, and is a sought-after commentator for the media.

Throughout her career in both the public and private sectors, Agathe has developed particular expertise on Europe, Russia/CIS, and the Middle East. Prior to joining The EIU, Agathe worked in the diplomatic corps of the French Treasury. She spent five years in Russia and three years in the Middle East, where she developed her knowledge of sanctions and policymaking. She also worked in investment banking in Russia and the US.

Agathe is also the author of Backfire , a book on the global ripple effects of US sanctions (Columbia University Press, 2022). Backfire highlights the global ripple effects of sanctions on multinationals, commodity markets, and diplomatic relations. The book also analyses the impact of recent US export controls on the exports of American semiconductor technology to China, and what these mean for the future of sanctions.

Agathe has Master’s degrees from Sciences Po and Columbia University, where she studied with a Fulbright scholarship. Agathe is a Trustee of the board of The Economist Charitable Trust.

Expertise Expertise

Global, Europe, Middle East, Russia, US

Specialist subjects Specialist subjects

Banking, Country risk, Economics, Emerging markets, Energy, Foreign policy, Geopolitics, Global economy, Policymaking, Politics, Sanctions, Security, Sovereign/credit risk

Languages Languages

English, French, Russian, Arabic, Spanish

Location Location


Sample speaking topics


What’s the outlook for the post-coronavirus recovery? Activity will pick up in 2021, but most countries will take several years to recover to pre-coronavirus GDP levels. Looking ahead, what are The EIU forecasts for global growth and key risks to the recovery?


The coronavirus pandemic has prompted major changes in fiscal and monetary policy. Will a zombification of advanced economies prove inevitable, or will governments manage to find a way out of the low growth and high debt spiral?


Sanctions have become a go-to tool for the US to advance its interests against China or to prompt other countries, like Russia, Iran or Venezuela, to alter their behaviour. What’s next for financial sanctions, export controls and trade tariffs? Is a US-China decoupling unavoidable?

Recent speaking engagements

Agathe Demarais

Global outlook: cross currents and riptides

Agathe presented an outlook for the global economy to C-Suite executives in Johannesburg, South Africa.

Moscow, Russia

IFRI annual international seminar

Does Russia have financial, economic and technological self-sufficiency capacities?

Agathe Demarais

23rd roundtable with the government of Greece

Agathe co-chaired this high level two-day conference with prime ministers and heads of state.

Book this speaker

Want to know how Agathe Demarais can help you and your organisation? Get in touch with us by submitting the form below.

More experts