Pantheon Publications
Below is a list of our Publications for the last 5 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
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Trade's contribution to Q4 GDP growth probably significant but not enormous.
In one line: Sentiment improves; selling price expectations edge down.
In one line: Easing M1 growth offset by falling inflation, for now.
In one line: Spanish households tightened their purse strings during the holidays.
Anti-graft drive drags Philippine growth down to weakest in nearly 15 years
POST-BUDGET REBOUND AND STICKY PAY GROWTH...
- …SO THE MPC CAN CUT RATES JUST ONCE THIS YEAR
- In one line: An unexpected—if narrow—jump to a 26-month high.
- In one line: An unexpected—if narrow—jump to a 26-month high.
Sagging Philippine imports—masked by base effects—is the real story
DOVISH INFLATION DATA SET UP A NERVY Q1 FOR THE ECB...
- …BUT THE BAR FOR FURTHER EASING REMAINS HIGH
- Ongoing disinflation, cooling activity and BRL strength allow Brazil's COPOM to prepare for cautious easing…
- …The guidance has shifted to a calibration of easing, making a March rate cut the clear baseline.
- The BCCh held rates, signalling patience as disinflation outpaces expectations; further easing remains likely.
- The Philippines’ Q4 GDP was grim, with growth plummeting to just 3.0%, from 3.9% in Q3…
- …We’ve yet to see signs of a bottom in investment-related indicators, while consumption remains soft.
- We’ve cut our already-below-consensus GDP growth forecast for 2026 to 4.8%, from 5.0%.
- US allies’ visits to China signal geopolitical hedging, but don’t expect genuine economic integration.
- Beijing appears to be organising these visits to isolate Washington, judging by who initiated the invitations.
- Middle powers are hedging against US unpredictability, but economic fragmentation will lead to higher inflation.
- Money supply and credit data signal a stable trend in EZ GDP growth, at 0.3% quarter-to-quarter.
- The headline ESI index jumped to a post-Covid high in January, signalling upside risk to growth.
- ESI selling price expectations eased in January, but upside risk to services inflation lingers.
- House prices jumped in November, leaving our call for a 2.0% year-over-year gain in Q4 2025 on track.
- We expect the market to heat up in 2026, as new buyers return from the sidelines.
- House price inflation should rise to 3.0% by Q4 2026, supported by stronger demand and weak supply.
In one line: Italian economy starts the year on strong footing.
In one line: Solid details, but will it be sustained?
EM ASIA EXPORTERS END 2025 WITH A GDP BANG
- …WE RAISE OUR 2026 INDIA CPI FORECAST TO OVER 4%
Spending slowdown and further labor market weakness are likely.
- In one line: Upside pressures localised; picture remains benign.
