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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: Monetary policy meeting, Brazil, January, 2025
In one line: Another bold rate hike and a continued hawkish stance.
PM Datanote: Monetary policy meeting, Brazil, January, 2025
In one line: Another bold rate hike and a continued hawkish stance.
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.
EZ Datanote: Retail Sales, EZ, December 2024
In one line: Retail sales still rose in Q4, and further increases are likely.
UK Datanote: Construction PMI, January 2025
In one line: The Construction PMI tanks, but was driven by erratic falls and should improve.
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
PM Datanote: US Housing Starts, January
The underlying trend in residential construction is flat and likely to turn lower.
EM Asia Datanote: GDP, India, Q4
In one line: A trade- and consumption-driven bounce; the economy is still operating below potential.
China+ Datanote: Official Manufacturing PMI, China, February
Post-holiday activity rebound, but firms still wary ahead of the Two Sessions and tariff hikes
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
19 March 2025 Eurozone Monitor First real signs of US firms front-running tariffs...and EU firms too
First real signs of US firms front-running tariffs...and EU firms too
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.
26 March 2025 US Monitor A consumer slowdown looks more likely than an imminent recession
A consumer slowdown looks more likely than an imminent recession
EZ Datanote: IFO BCI, Germany, March 2025
In one line: Election result and fiscal stimulus boost sentiment.
March 2025 - Latin America Chartbook
CENTRAL BANKS FACE A COMPLEX EXTERNAL ENVIRONMENT......VIGILANCE AND POLICY ADJUSTMENTS ARE NEEDED
EZ Datanote: Money Supply, Eurozone, February 2025
In one line: Money and credit data still positive on outlook for EZ economy.
PM Datanote: US Advance Goods Trade, February
Gold trade and pre-tariff stockpiling are distorting the numbers.
1 April 2025 UK Monitor Consumers are back, cutting saving and spending on plastic
Consumers are back, cutting saving and spending on plastic
1 April 2025 US Monitor Payroll growth likely slowed in March, but to a better-than-recession pace
Payroll growth likely slowed in March, but to a better-than-recession pace
EZ Datanote: Advance Inflation, Germany, March 2025
In one line: We now see the March EZ HICP up by 0.7% m/m, and by 2.2% y/y.
UK Datanote: Construction PMI, March 2025
In one line: The Construction sector will continue to recover as planning reforms and Government spending boost sentiment.
10 April 2025 LatAm Monitor Hit by global trade tensions and domestic uncertainties
Hit by global trade tensions and domestic uncertainties
15 April 2025 US Monitor Pre-tariff purchases probably lifted retail sales again in March
Pre-tariff purchases probably lifted retail sales again in March
UK Datanote: UK Report on Jobs Survey, March 2025
In one line: Solid jobs and accelerating wages will keep the MPC cautious heading into the trade war.
EZ Datanote: Detailed Inflation, Eurozone, March 2025
In one line: Falling oil prices and a stronger euro are gifts to ECB doves.
Global Datanote: Detailed Inflation, Eurozone, March 2025
In one line: Falling oil prices and a stronger euro are gifts to ECB doves.
EZ Datanote: Flash PMIs, Germany, April 2025
In one line: As in France, domestic demand is rattled by tariff concerns and PMI shows clear signs of tariff front-running.
Global Datanote: Flash PMIs, Germany, April 2025
In one line: As in France, domestic demand is rattled by tariff concerns and PMI shows clear signs of tariff front-running.
EZ Datanote: Advance GDP, France, Q1 2025
In one line: Barely growing, and trade uncertainty could well keep it that way in 2025.
2 May 2025 US Monitor Claims boosted by school holiday timing, but the trend will rise soon
Claims boosted by school holiday timing, but the trend will rise soon
April 2025 - Latin America Chartbook
LATAM SHIELDS ITSELF AMID TARIFF TURMOIL......BUT VULNERABILITIES AND RISKS REMAIN ELEVATED
Global Datanote: CPI, Indonesia, April
In one line: Electricity discounts are now well and truly a thing of the past.
6 May 2025 China+ Monitor US and China edge closer to trade talks after back-channel signals
US and China edge closer to trade talks after back-channel signals
8 May 2025 LatAm Monitor Tariff pause brings relief to LatAm currencies
Tariff pause brings relief to LatAm currencies
PANTHEON EM ASIA DATA WRAP 7 May 2025
An overdue--and big--m/m correction in Philippine sales to close Q1
EZ Datanote: Industrial Production, Spain, March 2025
In one line: Decent, and strength likely to continue for now.
PM Datanote: CPI, Chile, April, 2025
In one line: Disinflation resumes, and the near-term outlook remains benign.
Global Datanote: Inflation, Chile, April, 2025
In one line: Disinflation resumes, and the near-term outlook remains benign.
UK Datanote: U.K. BRC Retail Sales Monitor, April 2025
In one line: Easter distorts the BRC, but look through that and retail sales volumes are still rising strongly.
PM Datanote: US PPI, April
Pointing to a mere 0.12% rise in the core PCE deflator, and margin pressure for distributors.
PM Datanote: US Michigan Sentiment Survey, May
Extremely low response rate and partisan divide raise questions over reliability.
