Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
Claus Vistesen (Chief Eurozone Economist)
- Today’s negotiated wage figures likely will show that wage growth eased in Q3, but only marginally.
- Construction output edged up in September; survey data suggest this was reversed in October...
- ...We think the sector will be a drag on growth again in Q4; luckily it accounts for only 5% of EZ GDP.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: The path to a March rate cut remains clear, to us.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: The path to a March rate cut remains clear, to us.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Solid, but the headline likely will roll over soon.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Inflation in the EZ is falling quickly, and the threat from a rebound in energy inflation is receding.
- Core inflation remains on track to undershoot the ECB’s September forecasts, especially in Q1.
- Sticky wages is a risk to our call for easing early next year, but the path to a March cut is still clear.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Higher real interest rates will likely keep precautionary savings high, raising the savings rate further...
- ...If it rises gradually beyond our baseline by end- 2025, say to 18%, spending would fall next year...
- ...But it would need to rise much further, and much quicker, for the EZ recession we expect to last longer.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Real rates in the EZ are now rising, even as the ECB stops hiking; we still see room for easing in Q1.
- The private sector’s interest rate costs will rise in 2024, even if the ECB holds or even eases slightly.
- Core inflation in France is now falling, EZ industry is still in recession, and EZ net trade likely rose in Q3.
Claus Vistesen (Chief Eurozone Economist)Eurozone
