The return of the missing link in Spanish growth
Activity in Spain has been severely penalized by the pandemic. Tourists stayed home and the economy suffered. In April, the dynamics are changing giving Spain back the ability to recover…
Philippe Waechter's blog
The US economy erases the crisis
US GDP is up 1.7% in Q4 (6.9% annualized). GDP growth is 5.5% YoY in Q4 and 5.7% on average for 2021. The carryover growth for 2022 is 1.9%. GDP…
The biggest break in the American economy?
Are the United States facing the biggest break in activity in their history?This may be the story told by the number of weekly jobless claims.It is linked to the number…
Covid19 epidemic and the challenge of economic policy
The current epidemic crisis is the result of a massive health crisis that would have disastrous consequences without state intervention, and governments’ role here is to curb the extent of…
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…
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,…