US GDP has been revised down for the first quarter
The U.S. GDP growth for the first quarter was revised down sharply. In the first estimate, GDP growth was 0.1 % annualized rate. This figure dropped to -1% with the…
Philippe Waechter's blog
3 Charts to Characterise the German Labor Market
Employment continues to rise in Germany in April. However, the pace could change in coming months, particularly with regard to the IFO survey and its correlation with the job annual…
In France, the rebound for household and business is long to come
Consumer confidence released this Tuesday, May 27 is stable at 85 which is 15 points below its historical average of 100 (by construction). For several years now (summer 2008) the…
France and Germany : running at different speeds
Are the dynamics of the French economy really very different from Germany? Recent history has proven that this is the case. Since the low point of the recession in 2009,…
ECB Survey on Lending – Good News from Companies
The quarterly survey of the ECB to banks is very rich. It shows the evolution of credit conditions with respect to businesses and households, the reasons for the observed changes,…