Eurozone growth painfully above 1%
GDP growth in the Euro zone is 1.2% (annualized rate) since the last quarter of 2017.The figure of 0.2% (0.75% annualized rate) for the third quarter of 2019 does not…
Philippe Waechter's blog
France – Robust but unenthusiastic growth
GDP growth in France was 1% in Q3 versus 1.1% in the first quarter and 1.4% in the second (annual rate). The carry over for 2019 at then end of…
An enduring crisis (part 1)
The world was thrown into disarray by the financial crisis in 2008 as it was forcibly pushed out of its previous very definite state, with its own momentum and its…
What to expect next week ? (August 12 – August 18, 2019)
Highlights => The recent volatility on financial markets, through lower interest rates, was the consequence of lower expectations on global growth after the White House announcements. In the coming week,…
Recession in Germany
German production fell -1.8% in June over one month (excluding construction). It has fallen in 5 of the last 6 quarters and in Q2 the decline is -7.5% annualized rate.…
Dani Rodrik on Populism
Is it culture or economics? That question frames much of the debate about contemporary populism. Are Donald Trump’s presidency, Brexit, and the rise of right-wing nativist political parties in continental…
Macro 2 pager – Short term dynamics
The document contains in two pages the main articulations of global macro dynamics as I see them.The document is available here Macro-2Pagers-Scenario-June 4 2019
GDP, Employment and Productivity in the Euro Area
Employment increased in the euro area during the first quarter (+ 1.4% annualized). The pace of job creations is solid. However, since the beginning of 2018, productivity has lost momentum…