What to expect this week? November 18 to 24, 2019
HighlightsMinutes of the last Fed’s meeting (Nov. 20) and of the last ECB’s meeting (Nov.21)The Fed’s minutes will reveal the discussions on the drop of the Fed’s benchmark rate but…
Philippe Waechter's blog
What to expect next week? September 23 to 29, 2019
Highlights Corporate surveys will highlight the business cycle foreseeable future. The IFO will be released on Tuesday 24 as will be the French Climat des Affaires. The French momentum is…
Business investment profile is still worrisome
The pace of capital goods orders in Germany in March suggests a further slowdown in investment in OECD countries over the coming months. Orders are down 5.9% year-on-year and this…
Growth rebound in the Eurozone
Growth resumes in the Eurozone. For the EA, it is 0.4% and for Spain 0.7%. Even Italy is recovering and returning to positive territory. France disappoints. Despite strong measures taken…
Message from French households: no future
For French households, the future has darkened during the last two months. The household confidence index plummeted in December and households’ perception of their own situation or that of all…
US, UK, France and Spain – Heterogeneous growth during the first quarter
During the first quarter, growth was robust in the US and in Spain, slightly lower than expected in France and weaker than anticipated in the United Kingdom. The first graph…
Public deficit in France, Economic Apathy and Italian politics – My Monday column
Is the French economy becoming virtuous? With the public deficit falling below the 3% mark, it is tempting to think so… 2.6% for the full year 2017 and 2.1% for…
ECB, Inflation, the Fed, and Employment in France – My Monday column
Inflation figures at 1.1% in February do not trigger expectations of a fast and sharp change in the ECB’s monetary policy, and Mario Draghi and Peter Praet did not indicate…