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28 matches for " global trade war":
Data last week confirmed that Peru's economic growth slowed sharply in the first half of the year, due to the damaging effects of the global trade war hitting exports.
While we were away, EM growth prospects and risk appetite deteriorated significantly, due mainly to rising geopolitical risks, weaker economic prospects for DM, and, in particular, the most recent chapter of the global trade war.
Mexican economic data was surprisingly benign last week.
Money supply growth in the Eurozone rebounded slightly last month, reversing some of the weakness at the start of the year.
The MPC held back last week from decisively signalling that interest rates would rise when it meets next, in May.
The verdict from the German business surveys is in; economic growth probably slowed further in Q2.
The MPC won't seek to make waves on Thursday.
Recent global developments lead us to intensify our focus on trade in LatAm.
Brazil's external accounts continue to surprise to the upside, with the current account deficit remaining close to historic lows and capital flows performing better than anticipated, mostly due to higher-than- expected FDI.
We are sticking to our call for a weak first half in Japan, despite likely upgrades to Q1 GDP on Monday.
The key aspects of the ECB's policy stance will remain unchanged at today's meeting.
Yesterday's Brazilian industrial production data were downbeat.
Colombia's GDP growth hit a relatively solid 2.8% year-over-year in Q4, up from 2.7% in Q3, helped by improving domestic fundamentals, which offset the drag from weaker terms of trade.
Data released on Friday show that the Chilean economy had a weak start to the second half of the year.
The Andean economies haven't been immune to the turmoil roiling the global economy in the past few weeks.
Brazil's central bank kept the Selic policy rate at 6.50% this week, as markets broadly expected.
LatAm assets did well in Q1, on the back of upbeat investor risk sentiment, low volatility in developed markets and a relatively benign USD.
Chile and Peru faced similar growth trends in 2018, namely, a solid first half, followed by a poor second half, particularly Q3.
Brazilian inflation has been well under control in the past few months, still laying the ground for rates to remain on hold for the foreseeable future.
Business investment has held up better than most economists--ourselves included--expected after the Brexit vote.
Peru's economic recovery gathered strength late last year.
The ramifications of continued disappointing Asian growth, particularly in China, and its impact on global manufacturing, are especially hard-felt in LatAm.
Peru's April supply-side monthly GDP data confirm that the economic rebound lost momentum at the start of the second quarter.
Leading indicators and survey data in Brazil still suggest a rebound from the relatively soft GDP growth late last year and in Q1.
Colombia has been one of LatAm's outperformers this year.
The MPC will have to issue fresh, dovish guidance in order to satisfy markets on Thursday, which now think the Committee is more likely to cut than raise Bank Rate within the next six months.
The build-up to today's ECB meeting has drowned in the focus on Italy's new political situation and the rising risk of a global trade war.
It is still premature to make fundamental changes to our core views for the global or LatAm economy, following President Trump's plan to slap hefty tariffs on steel and aluminium imports, potentially escalating into a global trade war.
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