The business cycle, does it still exist?
The business cycle is a generic term illustrating the fluctuations of an economy. Several interpretations. The simplest method is to represent the rises and falls in activity. These phenomena can…
Philippe Waechter's blog
The keys to the week of April 29, 2024
My point of attention: Employment indicators in European surveys are improving everywhereMy expectation this week: growth figures for the first quarter in the Euro zone – A figure that is…
Keys of the week – 30 January 2023
Understand the macroeconomic events of the past week.The revival of the European cycle in spite of German fragility. The robustness of the French economy but a concern about real estate.…
Keys of the week – 23 January 2023
Understand the macroeconomic events of the past week.Risk of recession in Europe, real estate in the US with a downside risk and gold price which follows an irrational trajectory
Keys of the week – January 9, 2023
Understand the macroeconomic events of the past week.Theme of the week: What new balance after the energy shock?
Business Cycle in France and in Germany
The form of the recovery is identical in France and Germany if we follow the activity indices published by Insee in France and Cesifo in GermanyThe magnitude of the break was similar and the…
How, for the USA, to find a balanced momentum after such a shock?
The drop in activity in the United States is out of all proportion compared to the recessions of the past. A return to normal, to the dynamics before the health…
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…