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.
Miguel Chanco (Chief EM Asia Economist) Ian Shepherdson (Chief Economist, Chairman and Founder)
- In one line: Cracks are emerging in the MPC’s unity.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Holding steady, just to prove a point.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - Whatever the truth about January jobs, the outlook for spring is weaker
- EUROZONE- Presenting the EZ bond market in 2024, assuming a soft landing
- U.K.- Multiple rate cuts this year signalled, but not as many as investors expect
- CHINA+ - Korea trade en route to a healthy recovery on strong WDA growth
- EM ASIA - Philippines’ consensus-beating Q4 benefited hugely from soft cushions
- LATAM - Central banks embrace policy normalisation, but with some caveats
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Yet another reassuring below-consensus drop in core.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: An encouraging, but most likely temporary, bounce.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - Inflation is tamed, and that matters more to the Fed than strong growth
- EUROZONE- GDP data support a dovish shift from the ECB; Spanish CPI not so much
- U.K.- MPC likely to split the difference with the market
- CHINA+ - China’s RRR cut is about accommodating fiscal stimulus
- EM ASIA - Reassuring early Q1 PMIs in India
- LATAM - A busy but relatively straightforward week for LatAm central banks
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - The Fed wants to ease slowly, but their forecasts are too cautious
- EUROZONE- ECB to push back against market expectations this week
- U.K.- Consumer price rises still fading quickly enough for a May rate cut
- CHINA+ - China’s property sector still looking for the light at the end of the tunnel
- EM ASIA - Malaysian GDP to pick up in 2024 on manufacturing sector rebound
- LATAM - Brazil’s retail sector resilient in Q4, thanks to Black Friday
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: No cuts until inflation is comfortably below target; that is, in Q2.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - Core PCE prices likely rose at the 2% target pace in Q4, matching Q3
- EUROZONE- Eurozone GDP likely fell in Q4, despite a leap in net exports
- U.K.- Will the MPC cut Bank Rate by more than 25bp at one meeting?
- CHINA+ - China’s credit demand softens, as developers repay debt
- EM ASIA - Only a matter of when, not if, Indian food inflation becomes a huge drag
- LATAM - A Busy Week for LatAm Inflation Watchers; All Good, for Now
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: Exports are improving, but demand still isn’t firing on all fronts.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: The CPI report has yet to pick-up the correction in onion prices; don’t panic over the Diwali-related crash in IP growth.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - Job Growth is Slowing, but the Fed’s Main Interest is Inflation
- EUROZONE- Rapidly Falling Inflation in Early Q1 Will Prompt an ECB Pivot in March
- U.K.- Households’ Saving Rate Won’t Rise Further in 2024; Spending to Recover
- CHINA+ - China’s Foreign Reserves Continue to Rise, as Yield Pressure Eases
- EM ASIA - Downward CPI Surprises in ASEAN, Paving the Way for H1 Rate Cuts
- LATAM - Growth Still Slowing, Helping to Bring Inflation Down Further
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- U.S. - Core PCE Inflation Likely will be Below 2% by End-2024
- EUROZONE- Rapidly Falling Inflation in Early Q1 Will Prompt an ECB Pivot in March
- U.K.- Forecast Review: CPI Inflation to Fall to 2% During Q2, Spurring Rate Cuts
- CHINA+ - China’s Property Sector is Barely Making Progress
- EM ASIA - What 2024 Has in Store, and Where We Could Be Widely Off Base
- LATAM - Milei Starts Working Hard; Chile Rejects the New Constitution
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: The H2 rise in food inflation is finally over.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Entering 2024 with negative momentum.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - The Fed is Done; Inflation Undershoot will Trigger Easing in Q1
- EUROZONE- ECB Pushes Back Against H1 Rate-Cut Predictions
- U.K. - MPC Likely to Wait Until May to Cut Rates
- CHINA+ - China’s Recovery Makes Glacial Progress in November
- EM ASIA - Indonesian Imports Will Continue to Outperform Exports Next Year
- LATAM - Milei Starts Working Hard; Chile Rejects the New Constitution
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
- In one line: The next move is a cut, and could come as early as Q1.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: The worst of the recent food price surge is over; Diwali calendar effects flatter October IP massively.
Miguel Chanco (Chief EM Asia Economist)Global
- U.S. - The FOMC will Push Back Against Talk of Near-Term Easing
- EUROZONE- The ECB Will Lower its Inflation Forecasts This Week, but How Far?
- U.K. - MPC Unlikely to Endorse the Decline in Rate Expectations Just Yet
- CHINA+ - Japan’s Downward GDP Revision Reflects Weak Private Consumption
- EM ASIA - Pushing Our Call for the First RBI Rate Cut to April
- LATAM - Brazil’s GDP Growth Is Weakening, and the Near-Term Outlook Is Dim
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
