Pantheon Publications

February 2023 - EZ Economic Chartbook

THE ECB IS DONE HIKING; EASING WILL BEGIN SOON

• ...WE STILL SEE A FIRST RATE CUT IN APRIL

Claus Vistesen (Chief Eurozone Economist)Eurozone

February 2023 - U.K. Chartbook

CPI INFLATION WILL BE SUB-2.0% AS SOON AS Q2...

• ...BUT STICKY WAGE GROWTH WILL LIMIT RATE CUTS

Samuel TombsUK

February 2024 - U.S. Economic Chartbook

THE FED’S CAUTION ULTIMATELY MEANS MORE EASING...

• ...THEY’LL START IN MAY

Ian Shepherdson (Chief Economist, Chairman and Founder)US

February 2023 - China+ Chartbook

• - CHINA’S CREDIT DATA OFFER GLIMMERS OF HOPE
• - TOKYO CORE INFLATION DIPS BELOW BOJ’S TARGET
• - NEW PRODUCT LAUNCHES HELP LIFT KOREAN EXPORTS

Kelvin Lam (Senior China+ Economist)China+

January 2024 - Latin America Chartbook

INFLATION CONTINUES TO FALL AND GROWTH IS SLUGGISH...

• ...ALLOWING GRADUAL INTEREST RATE CUTS

Andrés Abadía (Chief LatAm Economist)Latin America

January 2024 - Emerging Asia Chartbook

MALAYSIA’S Q4 GDP DISAPPOINTS SUBSTANTIALLY...

• ...INDIA’S ADVANCE ESTIMATE FOR 2023/24 GDP IS FARCICAL

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

January 2024 - U.K. Chartbook

CPI INFLATION WILL BE BACK TO 2.0% BY APRIL...

• ...BUT THE MPC WON’T RETURN RATES TO NEUTRAL RAPIDLY

Samuel TombsUK

January 2024 - China+ Chartbook

• - CHINA WILL STAY THE COURSE, DESPITE SLOWING GROWTH
• - BOJ IS LASER-FOCUSED ON WAGE NEGOTIATIONS
• - KOREAN EXPORTS SHOULD BENEFIT FROM CHIP UPCYCLE

Duncan WrigleyChina+

January 2024 - EZ Economic Chartbook

THE ECB IS DONE HIKING; WHEN WILL IT CUT?

• ...WE THINK EASING WILL BEGIN IN MARCH

Claus Vistesen (Chief Eurozone Economist)Eurozone

January 2024 - US Economic Chartbook

• RESISTANCE IS CRUMBLING...
  ...THE FED WILL START EASING IN MARCH OR MAY

Ian Shepherdson (Chief Economist, Chairman and Founder)US

December 2023 - U.S. Economic Chartbook

WHEN DO THEY START, AND HOW FAST DO THEY GO?

• ...INFLATION IS BEATEN; RATES ARE A ONE-WAY RIDE

Ian Shepherdson (Chief Economist, Chairman and Founder)US

December 2023 - U.K. Chartbook

CPI INFLATION TO AVERAGE JUST 2.7% IN 2024...

• ...BUT THE MPC WILL WAIT UNTIL MAY TO CUT BANK RATE

Samuel TombsUK

December 2023 - Latin America Chartbook

ECONOMIC ACTIVITY FALTERING AND INFLATION FALLING...

• ...BUT CENTRAL BANKS REMAIN CAUTIOUS, FOR NOW

Andrés Abadía (Chief LatAm Economist)Latin America

December 2023 - EZ Economic Chartbook

THE ECB IS DONE HIKING; WHEN WILL IT CUT?

• ...WE THINK EASING WILL BEGIN IN MARCH

Claus Vistesen (Chief Eurozone Economist)Eurozone

December 2023 - Emerging Asia Chartbook

INDIA’S ROSY GDP HEADLINES REMAIN A FARCE

• ...BOT FINALLY PAUSES, WHILE BSP’S HEAD IS M.I.A.

Miguel Chanco (Chief EM Asia Economist)Emerging Asia

December 2023 - China+ Chartbook

• - CHINA PRIORITISES RESTRUCTURING OVER GROWTH
• - FALLING INFLATION SHOULD DELAY BOJ TIGHTENING
• - BOK WORRIED ABOUT HIGH HOUSEHOLD DEBT

Duncan WrigleyChina+