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…
Philippe Waechter's blog
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…
Covid19 epidemic and the challenge of economic policy
The current epidemic crisis is the result of a massive health crisis that would have disastrous consequences without state intervention, and governments’ role here is to curb the extent of…
Surveys for the month of March – Major elements of the week
Week dominated by the publication of business surveys: Markit (advanced estimate), IFO, INSEE, Istat but also among households (Europe, France, Italy, USA). First measures of the epidemic shock in developed…
The global coming recession (What to expect this week)
The supply value chain is broken as a consequence of the Chinese containment. The recovery is slow and the epidemic is not over. Therefore, the global production will decrease. That’s…
Economic surveys (Markit, ISM), Capital goods orders in Germany, US employment, Chinese external trade Coming this week (March 2 – March 8) The impact of the coronavirus, US Interest rates – Central banks’ credibility at risk (What to keep in mind from last week)
Markit, ISM, US Employment Report, German Industrial Orders, Chinese External Trade but also US 10 year rate at its lowest and central banks’ credibility Highlights Markit Surveys in the manufacturing…
Growth in the US, Germany and France, recession in Japan Coming this week (Feb.24 – March 1) With the coronavirus, the non V-shape scenario for the global economy- (What to keep in mind from last week)
GDP growth momentum in the US, Germany and France. Japanese industrial activity, IFO in Germany and Climat des Affaires in France.Coronavirus and Markit Surveys Highlights GDP estimates for the fourth…
Markit surveys, ZEW and UK labor market and retail sales for the coming week – The low growth momentum in Europe, the negative supply shock in China and the disinflation in the US in 2020 (from last week)
Markit surveys in the EA, UK, Japan and US for February, ZEW in Germany, Retail sales in the UK The PMI Markit survey for February (flash estimate for Japan, Euro…