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Ian Shepherdson
Ian Shepherdson's mission is to present complex economic ideas in a clear, understandable and actionable manner to financial market professionals. He has worked in and around financial markets for more than 20 years, developing a strong sense for what is important to investors, traders, salespeople and risk managers.
Pantheon Macroeconomics U.S. Economy Discussion with Ian Shepherdson
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Miguel Chanco
Miguel Chanco helps to produce Pantheon's Asia service, having covered several parts of the region for nearly ten years. He was most recently the Lead Analyst for ASEAN at the Economist Intelligence Unit. Prior to that role, Miguel focused on India and frontier markets in South Asia for Capital Economics and BMI Research, Fitch Group.
Datanotes
Short, punchy analysis of major economic data, emailed within a few minutes of their release
Pantheon ranked top forecaster of the U.K. economy in 2018
We are pleased to announce that our Chief U.K. Economist, Samuel Tombs, was ranked the most accurate forecaster of the U.K. economy in 2018 by The Sunday Times.
Andres Abadia
Andres Abadia authors our Latin American service. Andres is a native of Colombia and has many years' experience covering the global economy, with a particular focus on Latin America. In 2017, he won the Thomson Reuters Starmine Top Forecaster Award for Latam FX.Andres's research covers Brazil, Mexico, Argentina, Chile, Colombia, Peru and Venezuela, focusing on economic, political and financial developments. The countries of Latin America differ substantially in terms of structure, business cycle and politics, and Andres' researchhighlights the impact of these differences on currencies, interest rates and equity markets. He believes that most LatAm economies are heavily influenced by cyclical forces in the U.S. and China, as well as domestic policy shocks and local politics. He keeps a close eye on both external and domestic developments to forecast their effects on LatAm economies, monetary policy, and financial markets.Before starting to work at Pantheon Macroeconomics in 2013, Dr. Abadia was the Head of Research for Arcalia/Bancaja (now Bankia) in Madrid, and formerly Chief Economist for the same institution. Previously, he worked at Ahorro Coporacion Financiera, as an Economist.Andres earned a PhD in Applied Economics, and a Masters Degree in Economics and International Business Administration from Universidad Autónoma de Madrid, and a BSc in Economics from the Universidad Externado de Colombia.
Robert Wood
Rob Wood topped the Sunday Times annual ranking of forecasters for the UK economy in 2020, and has earned plaudits for his forecasting
Claus Vistesen
Claus Vistesen has several years' experience in the independent macro research space, as a freelancer, consultant and, latterly, as Head of Research of Variant Perception, Inc. He holds Master's degrees in economics and finance from the Copenhagen Business School and the University of Hull.
About Us
Pantheon Macroeconomics aims to be the premier provider of unbiased, independent macroeconomic research to financial market professionals around the world
Melanie Debono
Melanie joined Pantheon in 2021 with nearly a decade's experience in independent economic research. She focuses on the Eurozone, with particular emphasis on Italy and Spain, and also covers Switzerland and SNB policy.
Samuel Tombs
Samuel Tombs has won multiple awards for his UK forecasts. He had the highest average forecast score in Bloomberg's 2021 panel
Duncan Wrigley
Duncan produces the China+ Service for Pantheon, covering China, Japan and Korea. He was previously Chief Strategist at Everbright Securities International.
Oliver Allen
Oliver joined Pantheon in January 2024 to focus on the U.S. economy. Oliver brings several years' experience in independent macro research
Weekly Economic Monitor
Weekly economic research from the U.S., Eurozone, Latin America, U.K. and Asia
Kelvin Lam
Kelvin Lam has spent a decade and a half working in financial institutions in London and Hong Kong, focusing on macroeconomic research.
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UK Housing Watch
40 illuminating charts, covering all aspects of the market, followed by a detailed forecast page.
Jonathan Loynes
Jonathan Loynes is an experienced macro-economist who spent 18 years at economic consultancy Capital Economics, latterly as Chief Economist.
Global Datanote: Trade, Indonesia, August
In one line: A solid month for exports, but downside risks linger.
EZ Datanote: Construction, Eurozone, July 2024
In one line: Q3 carry-over looks o.k., but survey data remains depressed.
UK Datanote: U.K. CBI Industrial Trends Survey, September
In one line: In one line: CBI points to struggling manufacturing but it is volatile, watch the stronger PMI instead.
PM Datanote: Industrial Production, Mexico, August, 2024
In one line: A modest recovery but downside risks persist.
UK Datanote: UK Final Services and Composite PMI, September 2024
In one line: The PMI falls, but it will rebound after the Budget.
PM Datanote: Bi-weekly CPI, Mexico, October, 2024
In one line: Under control, but the MXN sell-off is a threat.
EZ Datanote: Advance GDP, Q3, France
In one line: Decent, but nothing to write home about ex-Olympic boost.
PM Datanote: Advance GDP, Mexico, Q3, 2024
In one line: Resilient, but the near-term outlook remains difficult.
Global Datanote: Advance GDP, Mexico, Q3, 2024
In one line: Resilient, but the near-term outlook remains difficult.
October 2024 - EZ Economic Chartbook
ECB DOVES HAVE THE UPPER HANDBUT THEY WILL STRUGGLE TO PUSH THROUGH 50BP IN DECEMBER
EZ Datanote: Sentix, Eurozone, November 2024
In one line: Decent GDP data support investor sentiment but it remains subdued.
EZ Datanote: Factory Orders, Germany, September 2024
In one line: Punchy, but major orders were a key driver.
UK Datanote: Construction PMI, October 2024
In one line: The PMI falls but still shows solid activity.
UK Datanote: UK Public Finances, August 2024
In one line: Government borrowing overshoot widens, so the Chancellor will raise taxes and change the debt rule in the Budget.
UK Datanote: Construction PMI, September 2024
In one line: The PMI surges as lower borrowing costs and optimism boost activity.
10 October 2024 LatAm Monitor Improving, thanks to China and the US Fed
Improving, thanks to China and the US Fed
UK Datanote: UK Public Finances, September 2024
In one line: Government borrowing overshoots OBR forecast again, Ms. Reeves will raise planned taxes, spending and borrowing in her October 30 Budget.
PM Datanote: Mexico Retail Sales, August, 2024
In one line: Weakening, due mainly to tighter financial conditions and elevated uncertainty.
EZ Datanote: Industrial Production, France, October 2024
In one line: Poor, and it will get worse at the start of Q2.
UK Datanote: UK Car Registrations, October 2024
In one line: Consumers and businesses hold back on purchases of vehicles as the Budget loomed.
EZ Datanote: German elections, industrial production & trade, September 2024
In one line: Fiscal stimulus in Germany? -- Manufacturing and net trade stumbled at the end of Q3.
UK Datanote: Bank of England Decision Maker Panel, October 2024
In one line: Stubborn wages and prices keep the MPC cautious.
EM Asia Datanote: Core Industries, India, October
In one line: A modest acceleration, and one that was flattered by Diwali calendar effects.
PM Datanote: Industrial Output, Mexico, October, 2024
In one line: A poor start to Q4, and the near-term outlook is grim.
UK Datanote: UK GDP October 2024
In one line: Economy grinds to a halt as Budget uncertainty and tariff threats weigh on businesses.
UK Datanote: UK Final Manufacturing PMI, December 2024
In one line: The manufacturing PMI drops in December as demand weakens and sentiment sours.
9 January 2025 LatAm Monitor Fiscal and political worries, and global noise, remain hurdles
Fiscal and political worries, and global noise, remain hurdles
EZ Datanote: HICP Inflation, ECB inflation expectations and unemployment, Eurozone
In one line: ECB doves were saved by France and Italy.
Global Datanote: HICP Inflation, ECB inflation expectations and unemployment, Eurozone
In one line: ECB doves were saved by France and Italy.
PM Datanote: Industrial Output, Mexico, November, 2024
In one line: A modest improvement, but the outlook remains difficult.
PM Datanote: Inflation IPCA-15, Brazil, January, 2025
In one line: Overshooting expectations, and the outlook remains difficult.
PM Datanote: Economic activity index, Mexico, November, 2024
In one line: Under pressure, and threats abound.
Global Datanote: Economic activity index, Mexico, November, 2024
In one line: Under pressure, and threats abound.
PM Datanote: Economic activity index, Chile, December, 2024
In one line: The recovery continues, and expect further good news in Q1.
Global Datanote: Economic activity index, Chile, December, 2024
In one line: The recovery continues, and expect further good news in Q1.
13 February 2025 Eurozone Monitor Taking stock of spending from the EU Resilience & Recovery Facility
Taking stock of spending from the EU Resilience & Recovery Facility
PM Datanote: Industrial Production, Mexico, December, 2024
In one line: Under severe strain, and risks are tilted to the downside.
PM Datanote: Retail Sales, Brazil, December, 2024
In one line: An ugly finish to 2024, and Q1 2025 will be difficult.
PM Datanote: BCRP Rate Decision, Peru, February, 2025
In one line: On hold and maintaining a cautious stance.
Global Datanote: BCRP Rate Decision, Peru, February, 2025
In one line: On hold and maintaining a cautious stance.
20 February 2025 LatAm Monitor President Trump's second term reshaping LatAm's political landscape-RESEND
President Trump's second term reshaping LatAm's political landscape-RESEND
EM Asia Datanote: GDP, India, Q4
In one line: A trade- and consumption-driven bounce; the economy is still operating below potential.
CHINA+ DATA WRAP 4 March 2025: Korean manufacturing sentiment dented
Korean manufacturing sentiment dented by sagging US and European orders
PM Datanote: US JOLTS, December
Labor demand still deteriorating, amid tight monetary policy and elevated uncertainty
20 March 2025 LatAm Monitor US tariff noise overshadows domestic political troubles
US tariff noise overshadows domestic political troubles
UK Datanote: U.K. CBI Industrial Trends Survey, March 2025
In one line: Trade uncertainty will continue to weigh on manufacturing sentiment and activity.
EZ Datanote: IFO BCI, Germany, March 2025
In one line: Election result and fiscal stimulus boost sentiment.
