French growth's low momentum
The French GDP growth was 1.1% (at annual rate) during the fourth quarter of last year. The same number than during the third quarter. Social unrest has had no impact…
Philippe Waechter's blog
Brexit A new step
After the vote of the Parliament, there is a majority for a deal. But Theresa May will have to renegotiate de Irish backstop. The EU now has to agree to…
The inevitable Chinese slowdown – My weekly column
This post is available in pdf format My Weekly Column – January 28th Growth in China slowed again in 2018, with an average of 6.6% across the year vs. 6.9%…
World Trade at risk
World trade, seen from developed countries, is now at risk. The average export orders (Markit) of the USA, Japan and Euro zone fall to 48.6. The braking action is terrible.…
Purchasing power, debt and jobs – the impossible French equation
This post is available in pdf format Forbes-23-01-2019-PW-en Careful observation of the French economy provides some insight into the swift escalation in social unrest since November. The initial question of…
The yellow vests and the French economic outlook
The French economy remains under pressure at the beginning of 2019. Business leaders do not want to commit to the long term because of the uncertainty that hangs over the…
Smart discussion with Olivier Blanchard
Macroeconomic topics in a very friendly discussion. Great macro