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4th Aug 2025 17:36GlobalWeekly Monitor

  • US - Dire July employment report makes a September easing far more likely
  • EUROZONE - Our ECB and SNB rate cut calls now hang in the balance
  • UK - Payroll falls should ease as tax hike drag begins to fade
  • CHINA+ - China’s Politburo strikes confident tone about trade risks
  • EM ASIA - Taiwan’s retail sales shrink in Q2; downside risk to our 6.4% GDP call
  • LATAM - Brazil holds rates steady as tariffs cloud growth and inflation outlook

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Keywords for: 6 August 2025 Global Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence