by Thierry Malleret | Jul 31, 2017 | Uncategorized
July 2017 The world’s main economies are still growing in sync, but at a slower pace. Next year, the slowdown will be greater than expected in the US (because of Trump’s unfulfilled promises) and in the UK (due to Brexit uncertainty). The Eurozone remains one...
by Thierry Malleret | Jun 30, 2017 | Uncategorized
June 2017 Lowflation is back. Core inflation is softer than expected, notably in the US and Europe, but also in other countries like China. The resultant flattening bond yields (before this week’s sell-off) are complicating the task of the Fed and other central...
by Thierry Malleret | May 31, 2017 | Uncategorized
May 2017 The synchronized economic recovery continues to make headway, but the US and China, the engines that propel the global economy, are set to decelerate soon. We give below the reasons why Trump’s 3% GDP target is unrealistic and why US growth is likely...
by Thierry Malleret | May 2, 2017 | Uncategorized
April 2017 The IMF global growth forecasts are on the move again, but for the first time in six years they’re on the up. They now anticipate global GDP will rise by 3.5% this year and 3.6% in 2018, the same as last October’s forecast. Albeit a rather tepid...
by Thierry Malleret | Mar 31, 2017 | Uncategorized
March 2017 As in February, robust data continues to support the global synchronized economic recovery. A rise in global trade is taking hold (in volume terms, it just reached a 7-year high), with PMI / manufacturing activity above trend. So is consumer...