Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
- In one line: House prices rise again in February, but watch for a slowdown after April.
Rob Wood (Chief UK Economist)UK
Tokyo headline inflation slows as energy subsidies restart; BoJ to stick to policy normalisation path
Duncan WrigleyChina+
Tokyo headline inflation slows as energy subsidies restart; BoJ to stick to policy normalisation path
Duncan WrigleyChina+
A surprisingly fast start to 2025 for Philippine trade
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
THE HOUSING MARKET REMAINS ROBUST...
- ...AND PRICES WILL RISE BY 4% IN 2025
Rob Wood (Chief UK Economist)UK
- January’s fall in consumption was due to residual seasonality, bad weather and auto-specific issues.
- A February rebound is signalled by timely data on auto sales, consumer lending and restaurant visits.
- A mid-year lull in spending, as real income growth slows, is more likely than a sudden stop in Q1.
Samuel TombsUS
- Brazil’s labour market remained resilient in January, at face value, but is showing some signs of cooling.
- The current account deficit increased in January, but the underlying picture remains benign.
- Foreign investment beat expectations, despite a difficult external and domestic backdrop.
Andrés Abadía (Chief LatAm Economist)Latin America
- India’s Q4 GDP print was exactly in line wit expectations, at 6.2%, rebounding from 5.6%…
- …Consumption, mainly rural, continues to find its feet, while exports—especially services—are flying.
- The Philippines’ structural RRR cuts are likely over, but they are no substitute for lower TRR rates.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- China’s Politburo meeting on Friday signalled a ‘steady as she goes’ approach to economic policy.
- Tokyo consumer inflation fell in February, as energy subsidies brought down energy inflation.
- Fresh food inflation cooled due to seasonal factors, but overall food inflation is likely to pick up in H1.
Duncan WrigleyChina+
- Eurozone headline and core inflation likely undershot the consensus in February.
- Today’s data should be the first clear sign that EZ services inflation is now falling, from a trend of 4%.
- EZ consumers’ spending on goods saw a slow start to 2025, but don’t write off Q1 just yet.
Melanie Debono (Senior Eurozone Economist)Eurozone
- High and rising global economic policy uncertainty has hit business investment hard.
- But consumer spending is recovering from an autumn wobble, so GDP growth can improve in 2025.
- Inflation will peak at 3.7% in September, allowing the MPC to cut only twice more this year.
Rob Wood (Chief UK Economist)UK
RBI RATE CUTS FINALLY HERE; EXPECT 2 MORE IN Q2
- …THAI GROWTH HAS LIKELY PEAKED, PROMPTING A BOT CUT
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- China’s technology & manufacturing policy will take centre stage at the Two Sessions next week.
- Targeted consumption support will be ramped up; no big handout, but fiscal transfers should be supportive.
- The bank recapitalisation provides ammunition for mid-year stimulus, to mitigate the trade war impact.
Duncan WrigleyChina+
Heavy snowfall mostly to blame for the rise.
Samuel TombsUS
Stronger growth in underlying orders unlikely to last much longer.
Oliver Allen (Senior US Economist)US
In one line: Business sentiment eases despite improvement in manufacturing.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Upturns in real M1 growth and credit impulse continue.
Claus Vistesen (Chief Eurozone Economist)Eurozone
