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Philippe Waechter's blog

DIRECTOR OF ECONOMIC RESEARCH, OSTRUM AM

A dynamic and cyclical approach to the global economy

  • 370 views

The shock in the manufacturing sector in Germany: IFO vs Markit

  • 25 March 2019
  • Actus & Chroniques

Philippe Waechter

The modest rebound in the IFO index in March is sometimes interpreted as the counterpoint to the drop of the Markit index released last Friday.There is indeed an opposition in…
  • IFO
  • Manufacturing Sector
  • Markit
READ
  • 393 views

The German economy on the way to normalization

  • 25 February 2019
  • Germany

Philippe Waechter

German growth stopped during the second half of 2018. During this period, the GDP was up by only +0.1% compared to the first six months (at annual rate). It can…
  • Gerùany
  • Private Demand
READ
  • 279 views

Germany in recession ?

  • 8 January 2019
  • Actus & Chroniques

Philippe Waechter

Recent data on the German industrial production show a rapid drop in the economic activity. The quarterly change was already at -5.5% in the third quarter (annual rate). At the…
  • Industrial Production
  • Récession
READ
  • 216 views

Merkel rejects Macron's proposals on Europe

  • 5 June 2018
  • France

Philippe Waechter

Coordination and risk sharing are Macron’s ideas for a renewal of European institutions. Merkel doesn’t really share this point of view.
  • European Institutions
  • Policy Coordination
READ
  • 214 views

German risks for Europe

  • 21 November 2017
  • Germany

Philippe Waechter

After the failure to form a coalition the first thing to notice is that Merkel is no longer at the center of the game. She has been replaced by the…
  • European Union
  • General Elections
  • Political Equilibrium
READ
  • 346 views

The German Growth in 3 graphs

  • 14 February 2017
  • Germany

Philippe Waechter

The GDP growth was 1.7% (at annual rate) during the fourth quarter of 2016.It was a mere 0.4% in the third quarter. For 2016 GDP was up 1.8% after 1.5%…
  • GDP
  • Government Expenditures
READ
  • 338 views

Three Graphs on the German Labor Market

  • 29 August 2014
  • Germany

Philippe Waechter

The number of unemployed has slightly increased in August (1 000). Compared to August 2013 this number has decreased by -45 000. Employment is on a positive trend. During the…
  • Business Cycle
  • Labor Market
READ
  • 243 views

The German Economy is losing steam in July

  • 15 July 2014
  • Actus & Chroniques

Philippe Waechter

The ZEW index was trending downward in July – Will the World Cup success change the trend? I do not believe in this kind of effects
  • ZEW
READ
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