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.…
Philippe Waechter's blog
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?
Coming this week (Jan 13-19) – What to keep in mind from last week ?
German growth, US Industrial Production, UK retail sales, Chinese external trade and industrial production, US Jolts, Retail sales and inflation rate in the US Highlights German GDP annual growth for…
Risk of global recession increases after Baghdad
Political tensions in the Middle East could translate into a permanently higher oil price, penalizing households’ purchasing power and weakening consumption, a major support for the global economy The year…
Uncertainty on trade dynamics takes over from risk
The United States’ unilateral economic policy is generating major uncertainties on world growth and casting severe doubt over institutions and trade. Hefty risk perception was a key feature of 2019, as the White House’s trade war and systematic reprisals from China fueled the prospect of a watershed…
US growth momentum – Coming this week (Dec 23-29)
Durable goods orders, Chicago Fed Index on Economic Activity, Retail Sales in Japan Highlights Durable goods orders in the US for November (Dec. 23)The main source of weakness for the…
The Fed is staying the course
The absence of inflation gives additional margins in the event of a negative shock. The Fed is in a comfortable position The Fed is optimistic about the profile of the…
A very relevant column on the new stages of the trade war
This column, “The Case Is Only Growing for an Economic Forever War”, by Shawn Donnan, was posted on the Bloomberg website. President Donald Trump’s trade war with China has become…