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Philippe Waechter's blog

DIRECTOR OF ECONOMIC RESEARCH, OSTRUM AM

A dynamic and cyclical approach to the global economy

  • 31 views

The Euro Area creates more jobs than in the US. Is it efficient ? What about France and its specific labor market ?

  • 19 August 2022
  • Euro Area

Philippe Waechter

Employment is growing in the Eurozone and activity is growing rapidly despite the crisis in Ukraine. However, the room for manœuvre in the management of the economy is limited. Very…

READ
  • Employment
  • GDP
  • Labor Market
  • Productivity
  • Vacancy rates
  • 26 views

In January, the business situation is robust in the Eurozone

  • 24 January 2022
  • Euro Area

Philippe Waechter

The Markit index for the entire economy of the Euro zone dipped in January 2022. It stood at 52.4, losing almost one point compared to December. Economic activity continues to…

READ
  • Germany
  • Inflation
  • Markit Surveys
  • 32 views

Activity is running out of steam in Europe, the 5th wave is the explanation

  • 16 December 2021
  • Euro Area

Philippe Waechter

The uncertainty linked to the new variant of the Covid weighs on economic activity in December.All the survey indicators for the month are deteriorating. This is particularly the case for…

READ
  • Business Climate
  • INSEE
  • Markit Surveys
  • United Kingdom
  • 181 views

From Yesterday to Today – November 3 – France, its Public Deficit and the fragility of the Euro Area

  • 4 November 2020
  • France

Philippe Waechter

The IMF suggests that France should revive its economy but also should plan a strategy to rebalance its public finances as soon as activity picks up. Its fear is a…

READ
  • Euro Area
  • Public Finance Sustainability
  • Sovereign Debt Crisis
  • Structural Deficit
  • 226 views

From Yesterday to Today – October 30 – Spectacular rebound in growth while awaiting containment

  • 30 October 2020
  • Euro Area

Philippe Waechter

The GDP in France and in the Eurozone countries has clearly improved over the three Summer months. Nevertheless, the level of activity remains a little below 4% of the 2019…

READ
  • GDP Growth
  • 269 views

From Yesterday to Today – October 29 – What impact would the November lockdown have on activity in France?

  • 29 October 2020
  • France

Philippe Waechter

With a conservative assumption on the impact of containment of -6% in the last quarter, GDP would contract -10.8% in 2020 and grow by + 3.5% in 2021. Convergence towards 2019 GDP would take place around 2026/2027

READ
  • Covid-19 Impact on Growth
  • Lockdown in France
  • Social Dynamics
  • 328 views

INSEE is confident on the French economic profile.

  • 8 September 2020
  • France

Philippe Waechter

INSEE forecasts a GDP contraction of -9% in 2020, which would be consistent with the convergence to the 2019 GDP level as soon as 2022. This is the hypothesis I…

READ
  • Employment in France
  • French GDP Growth
  • Health Crisis
  • INSEE
  • 319 views

Job market momentum and unemployment trends in France during the health crisis

  • 17 August 2020
  • France

Philippe Waechter

Momentum on the labor market in France warrants greater consideration as it can appear counter-intuitive at first glance. The unemployment rate stood at 7% in the second quarter of 2020,…

READ
  • Economic Policy
  • Employment
  • Unemployment Rate
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