Global Publications
Below is a list of our Global Publications for the last 5 months. If you are looking for reports older than 5 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.
Claus Vistesen (Chief Eurozone Economist) Ian Shepherdson (Chief Economist, Chairman and Founder)
- EUROZONE - Three scenarios for the ECB as a new energy shock hits
- UK - GDP still on track to rise by 0.3% quarter-to-quarter in Q1
- CHINA+ - China seeks to project stability, while gradually patching up domestic issues
- EM ASIA - India and Indonesia will be backed into fuel hikes, but not yet rate hikes
- LATAM - Oil shock tests LatAm assets and central banks; Chile’s delicate start
In one line: Revision due to Ireland; core domestic demand was strong.
- US - Soft February jobs to imply Fed will ease again midyear, despite Iran war
- EUROZONE - Markets now look for an ECB hike this year, but we doubt it
- UK - Energy prices could stop the MPC cutting more than once this year
- CHINA+ - Low Tokyo headline inflation allows BoJ to take its time on rate moves
- EM ASIA - India’s new GDP more stable and carries greater credibility
- LATAM - Brazil’s inflation still benign as seasonal hits distort February print
In one line: Dovish, but far from underwriting a further rate cut.
- US - Does 2025 consumption data support the K-shaped narrative?
- EUROZONE - EZ February PMIs keep alive the idea of a modest cyclical upturn
- UK - March rate cut highly likely after jobless rate hits 5 year high
- CHINA+ - Momentum but no boom in the Year of the Horse
- EM ASIA - Has the sun set on Taiwan’s non-electronics industries?
- LATAM - Mexico activity stabilises after Q4 rebound, but risks loom in 2026
In one line: A modest rebound, but GDP growth is doing better than implied by the PMIs.
- US - Payrolls will slow in February, as the weather lift fades
- EUROZONE - Negative SNB rates unlikely even if inflation hits sub-zero in February
- UK - CPI preview 2: Shave our January forecast to 3.0%
- CHINA+ - China starting to recognise the need for a fresh property policy
- EM ASIA - Taiwan’s export growth reaches the highest print since the 1970s
- LATAM - Our LatAm team is on annual leave. Publication will resume on February 25.
In one line: Decent growth confirmed, but risks tilted towards a downward revision in the third estimate.
- US - January CPI likely to undershoot the consensus
- EUROZONE - ECB sets out the—unlikely, in our view—conditions for a rate cut
- UK - CPI weight changes fractionally raise our inflation forecast
- CHINA+ - PM Takaichi’s election gamble paid off, but market jitters continue
- EM ASIA - Indonesia’s ‘hot’ Q4 GDP print welcome in more ways than one
- LATAM - Banxico pauses and eyes easing in Q2; Chile inflation stays in check
In one line: The dovish pressure to remain on the ECB going into the March forecasts.
- US - Rates unlikely to track a much lower path with Warsh at the Fed
- EUROZONE - No change from the ECB this week amid mixed data
- UK - GDP likely unchanged in December but activity will pick up in Q1
- CHINA+ - How Beijing is using diplomacy to expose cracks in Western alliances
- EM ASIA - Taiwan Q4 GDP hits a 21st-century high; our call was spot on
- LATAM - Brazil signals March easing; Chile holds but cuts likely ahead
In one line: The EZ ends 2025 on a high.
- US - Labor market risks mean the FOMC will hint at further easing to come
- EUROZONE - Resilience in EZ PMIs, but growth expectations are now higher too
- UK - Payrolls look implausibly weak, vacancies are stable
- CHINA+ - BoJ resists market pressure to hike rates, ahead of snap election
- EM ASIA - Expect a quiet year for BI rate action; independence worries overblown
- LATAM - Mexico’s headline inflation under control, but core still sticky
In one line: Decent, but now signals downside risks relative to official forecasts.
In one line: Strength in manufacturing, but PMIs signal weakness in services.
- US - Have foreign businesses eaten the increase in US tariffs?
- EUROZONE - Greenland now the epicentre of a frayed EU-US relationship
- UK - GDP growth in Q4 will beat the MPC’s forecast
- CHINA+ - PBoC focusing on targeted support to further strategic goals
- EM ASIA - Malaysian Q4 GDP surprises to the upside, thanks again to the AI boom
- LATAM - Mexico’s consumption leads and capex lags; Brazil’s activity stabilising
In one line: The probability of further ECB easing is underpriced.
In one line: Back to growth; reversal of net trade drag a big upside risk to 2026 growth.
