Italy: Growth expectations are too optimistic
Here is the frightening part of the Italian budget: growth figures. In an interview Giovanni Tria said that growth forecasts for 2019 and 2020 were 1.6% and 1.7% respectively. These…
Philippe Waechter's blog
Seven points on Italian budget announcement risks
The Italian budget program, which sets out a budget deficit of 2.4% of GDP for 2019, 2020 and 2021, did not go down very well with investors. Uncertainty on Italy…
The Federal Reserve has increased its rate by 25bp and will continue to tighten in 2019
The Federal Reserve raised its benchmark interest rate by 25 basis points. The effective rate will evolve in a corridor between 2% and 2.25%. The dots graph reflecting monetary policy…
The Fed will stay on the path to higher rates in 2019 – My Monday column
This post is available in pdf format Federal Reserve – My monday Column The Federal Reserve meets on September 25 and 26, and a 25bps hike to the fed funds…
Ten Years on – my Monday Column
A pdf version of this post is available Ten Years on – my Monday Column On September 15, 2008, the collapse of Lehman brothers set off a shockwave that rippled…
French growth and employment: A comparison with the Euro Area
The French government is currently scaling down its growth forecast for 2018. In the initial budget the expected growth rate was 1.7% but was upgraded at 2% in April before…
The Italian standpoint is changing – My Monday column
This post is available in pdf format My weekly Column – Italy Standpoint – PW What were last week’s major changes? The main change was in Italy with a strong and…