Europe must choose its philosophy
The European Commission will have to choose between the Franco / German plan and the proposal of “frugal four”. The choice will shape the trajectory of Europe for the years…
Philippe Waechter's blog
Strongest decline in US activity since the 4th quarter 2008.
March was devastating for the US economy with a 6.7% drop in consumer spending. The measure of the decline in activity will increase in the second quarter. The breaks noted…
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The downturn trend in oil price will not reverse
The question on oil is simple: demand has dropped by 30 million barrels / day & inventories are overflowing. If production is cut by 10 million it will not reverse…
Historical decline in French GDP
French GDP would have declined by 6% in the first quarter according to the Banque de France. It is the first estimate of the 1st quarter of 2020 in developed…
Limited rebound in the Chinese activity
The activity does not contract any more in March but the rebound appears limited and without ripple effect. Chinese activity indices rebounded in March. The manufacturing sector index went from…
Covid-19 in the US
In the United States, the number of Covid-19 infected is increasing at an exponential rate. It almost doubled in 4 days, going from 65,778 on March 25 to 121,478 the…
The biggest break in the American economy?
Are the United States facing the biggest break in activity in their history?This may be the story told by the number of weekly jobless claims.It is linked to the number…
The French economy hit hard by the epidemic
The French economy is operating at 65% of its capacities at the end of March. INSEE shows the importance of a containment of limited duration INSEE published the note we…
3 hours ago
RT @phil_waechter: #IFO, Climat des affaires de l'@InseeFr en #France, #CFNAI aux #USA, Beige Book de la @federalreserve …Qu’attendre dans…
3 hours ago
RT @phil_waechter: “In late April, the real unemployment rate is at 20.5 per cent” Coronavirus has hit China’s migrant workers harder than…
3 hours ago
The European Commission will have to choose between the Franco / German plan and the proposal of “frugal four”. The choice will shape the trajectory of Europe for the years to come "Europe must choose its philosophy" t.co/gX1eb8DxHZ