Voodoo Economics
I am thrilled to report to you that our economy is the best it has ever been (Trump’s 2020 State of the Union Address) This sentence starts one the first…
Philippe Waechter's blog
French growth and employment: A comparison with the Euro Area
The French government is currently scaling down its growth forecast for 2018. In the initial budget the expected growth rate was 1.7% but was upgraded at 2% in April before…
The monetary policy procyclicality: a new source of concern
Central bankers are progressively adopting a pro-cyclical behavior. The global growth momentum is now lower and central banks’ strategy now have a restrictive bias. In the US, Canada, UK and…
The global economic outlook in 3 graphs
The economic environment is changing. The world Markit index level in the manufacturing sector is still showing growth (index at 53 above the threshold of 50) but it is trending…
The manufacturing sector is running out of steam in the euro area – My Monday column
World growth stepped up a pace in 2017 as a result of a policy mix that was heavily on the side of demand, while effective monetary accommodation worldwide combined with…
The Eurozone Economy: a revival
The Euro Area (EA) economy is now following a robust growth trend. It has started in 2013 and in 2016 and 2017 the EA GDP growth will be higher than…
Euro Area – Robust Dynamics in August according to Markit
Synthetic indices on economic activity stabilized in August according to the Markit Survey that was out this morning. These figures are consistent with a 0.5/0.6% GDP growth for the third…
The graph that worries me a lot: the document
I have merge the two posts on world trade in the following document World Trade – PW – August 2015