Global Publications
Below is a list of our Global 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.
Andres Abadia (Senior International Economist) Ian Shepherdson (Chief Economist, Chairman and Founder)
- In one line: A solid start to the year, but downside risks are emerging.
Andres Abadia (Senior International Economist)Global
- US The core PCE deflator for March likely will scrape in just below 0.3%
- Eurozone Hunting for early Easter effects in the German and French CPIs
- UK Bernanke Review a missed opportunity for the BoE
- China+ China begins to flesh out its consumer goods trade-in plan
- EM Asia Singaporean manufacturing on a gradual recovery path, at best
- LATAM Broadening disinflation paves way for bold COPOM rate cut in May
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Resuming rate cuts but keeping a cautious bias.
Andres Abadia (Senior International Economist)Global
- In one line: Back to the target range, and the near-term outlook is benign.
Andres Abadia (Senior International Economist)Global
- In one line: Further interest rate cuts likely, as inflation pressures continue to ease.
Andres Abadia (Senior International Economist)Global
- U.S. - No softening yet in job growth, but Q2 likely will be very different
- EUROZONE - All set for a dovish hold by the ECB this week; rates will be cut in June
U.K.- Forecast Review: MPC has the confidence to cut, gradually
- CHINA+ - BoK likely to sit tight until Q3, mindful of rising cost pressures
- EM ASIA - Singaporean retail sales growth spikes in February on festive demand
- LATAM - Will Brazil’s industrial sector improve after a poor start to 2024?
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Core PCE back on track following the January jump
- EUROZONE - EZ inflation likely fell to just over 2% in March; what now, ECB?
- U.K. - House prices to rise 4% in 2024 as confidence returns
- CHINA+ - China’s residential property market still festering; no big policy shift yet
- EM ASIA - Firmer external demand should power up Singapore’s Q1 GDP
- LATAM - Disinflation continues in Brazil, despite food-related pressures
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Manufacturing output is stabilising, but a real rebound remains distant
- EUROZONE - How will the ECB deal with inflationary fiscal tightening?
- U.K. - How fast and how far can the MPC cut interest rates?
- CHINA+ - Japan’s wage-price spiral still in its infancy; BoJ admits it moved early
- EM ASIA - CBC hikes to nip the impact of higher electricity tariffs in the bud
- LATAM - Banxico finally joins the LatAm easing party, but with caution
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Poor economic activity will put a lid on inflation.
Andres Abadia (Senior International Economist)Global
- In one line: The Board exercises caution, as forward guidance is limited to one meeting.
Andres Abadia (Senior International Economist)Global
- U.S. - The wall between the Fed and the private sector is gone; rates now hurt
- EUROZONE - How resilient is the consensus position on the ECB?
- U.K. - No trigger for change by the MPC; rate cuts still a few months away
- CHINA+ - China’s credit data point to a dull economy; policy uplift yet to come
- EM ASIA - Raising our 2024 CPI forecast for India, and delaying the first RBI cut
- LATAM - Chile’s recovery to continue, along with robust external accounts
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Job growth is on the verge of a serious slowdown, perhaps in March
- EUROZONE - EZ economy at a standstill in Q4; Q1 will be better
- U.K.- Strong real incomes to deliver an economic rebound in 2024
- CHINA+ - NPC: China’s ramps up fiscal support, notably for industrial development
- EM ASIA - Be wary of extrapolating the solid start to 2024 in ASEAN’s PMI
- LATAM - Rapid disinflation in Mexico opens the door to a rate cut this month
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Overshooting expectations, once again, by far.
Andres Abadia (Senior International Economist)Global
- In one line: On hold, but expect a further rate cut soon.
Andres Abadia (Senior International Economist)Global
- In one line: Falling inflation raises expectations of an interest rate cut this month.
Andres Abadia (Senior International Economist)Global
- U.S. - Job growth is set to slow in spring, and cyclical job growth could stop
- EUROZONE - Services inflation too hot for an ECB rate cut in April; June it is then
- U.K.- Forecast Review: Sticky wage growth makes MPC cautious to cut
- CHINA+ - China’s Lunar New Year holiday-spending splurge won’t last
- EM ASIA - 8% growth in India unsustainable, with consumption still lacking
- LATAM - Brazil’s economy stagnates in H2; bold rate cuts still needed
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Q: Where is the AI boom in the GDP numbers? A: Fast approaching
- EUROZONE- Inflation to wobble around Easter; PMI implies recovery still coming
- U.K.- £20B package of tax cuts coming, despite fragile public finances
- CHINA+ - BoK edging towards a rate cut; Q3 still most likely timing
- EM ASIA - Chickens have come home to roost in Thai GDP; what an abysmal Q4
- LATAM - Banxico to act on further evidence of Mexico’s slowdown and disinflation
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Most of last week’s numbers tell us little about trends, or the outlook
- EUROZONE- Is the Eurozone falling behind the US on productivity, again?
- U.K.- Underlying Services Price Rises Still Slowing, Bolstering Rate Cut Hopes
- CHINA+ - China’s big five-year LPR cut signals focus on boosting home demand
- EM ASIA - Subianto’s decisive victory a short-term positive for continuity
- LATAM - December’s IBC-Br confirms activity in Brazil ended Q4 on a strong note
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: A poor end to the year, but the details are less grim than the headline.
Andres Abadia (Senior International Economist)Global
- U.S. - Fiscal policy is likely to be a headwind for growth this year
- EUROZONE- Up close and personal with the seasonally adjusted EZ HICP data
- U.K.- Services CPI inflation likely rose above the MPC’s forecast in January
- CHINA+ - Chinese pricing trends signal weak activity; ignore the holiday noise
- EM ASIA - Vehicle sales boost to Singaporean retail sales set to unwind in January
- LATAM - Finally, Banxico explicitly signals rate cuts; normalisation to start in March
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
