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)
- US - Will “supercore” inflation ever return to target-consistent levels?
- EUROZONE - Margin of safety in the EZ labour market growing thinner
- UK - GDP review: healthy underlying growth suggests resilient GDP
- CHINA+ - China’s shaky start to Q2 to put the focus on policy implementation
- EM ASIA - Thailand’s consensus-beating Q1 GDP provides no real comfort
- LATAM - Brazilian consumption still resilient thanks to temporary supports
- US - Hiring plans too weak for recent payrolls momentum to be sustained
- Eurozone - How to find the AI boom in the EZ macroeconomic data
- UK - Underlying GDP growth likely resilient in March
- China+ - Beijing sets terms for Xi-Trump summit amid ongoing Iran tensions
- EM Asia - Dubious leap in public spending behind Indonesia’s Q1 GDP beat
- Latam - Mexico’s headline inflation under control, but core still sticky
- US - April data to dash hopes of a labor market turnaround
- EUROZONE - The ECB will hike in June barring a miracle in global energy markets
- UK - A couple of hikes coming this year, but with more of a delay
- CHINA+ - Governor Ueda’s attempt to ‘thread the needle’ leaves currency exposed
- EM ASIA - Taiwan’s Q1 GDP growth beats all expectations, hitting 13.7%
- LATAM - COPOM’s cautious second rate cut; Chile on hold as the oil shock hits
In one line: See you in June, for a hike.
In one line: In wait-and-see mode, but we suspect with a hawkish bias.
In one line: Nasty, and it will get nastier still soon.
- US - FOMC to signal little urgency to shift policy, but will keep easing bias
- EUROZONE - Week in preview: Inflation up, growth stable, the ECB on hold
- UK - Week in review: inflation pressure rockets while growth holds up
- CHINA+ - War tilts leverage towards China ahead of Xi-Trump summit in May
- EM ASIA - THB needed a correction, but its fundamentals are weakening
- LATAM - Mexican growth weakens as labour softens; policy easing to be gradual
In one line: Stagflation is back, with a vengeance.
In one line: Downside risks are widening.
- US - Cooling rent inflation will overwhelm the energy price boost
- EUROZONE - Look past the noise in Iran for a simple path forward for the ECB
- UK - CPI preview 2: early Easter helps push inflation to 3.3% in March
- CHINA+ - All that glitters is not gold: China’s flawed Q1 GDP print
- EM ASIA - GDP growth in Singapore slows in Q1, but masks strong electronics
- LATAM - Brazil’s economy holds up, but growth is slowing and narrowing
In one line: Inflation is headed for 3%, and it will stay close to this level for a while.
- US - The fading tariff hit will overwhelm oil’s impact on core inflation
- EUROZONE - Energy shock’s hit to growth in Spain and Italy will mainly start from Q2
- UK - GDP likely trending up before the war in Iran
- CHINA+ - Iran war hits China via trade channel, but with limited impact
- EM ASIA - Vietnam’s solid Q1 GDP may be as good as it gets in 2026
- LATAM - Chile’s growth stalling, but BCCh is stuck on hold
- US - The March labor market data look worse beneath the surface
- EUROZONE - Further rise in price pressures will keep the SNB on the sidelines
- UK - Rundown of high saving rate can set a floor under spending in 2026
- CHINA+ - China’s profit turnaround meshes with strategic drive for high-tech
- EM ASIA - Inflation, not growth, is a bigger near-term issue for ASEAN factories
- LATAM - Credibility risks now dominate Colombia’s policy outlook
In one line: The stagflation shock is underway.
- US - The labor market is too weak to embed the Iran war inflation shock
- EUROZONE - EZ inflation will hit 3% soon, prompting two hikes by the ECB
- UK - Forecast review: lower growth, higher inflation, MPC on hold
- CHINA+ - China’s elderly-care insurance reform will lift GDP, but only slowly
- EM ASIA - INR’s ‘record’ fall in context; more a threat to Q2 growth than inflation
- LATAM - Banxico resumes easing, but rising risks sharply limit further cuts
- US - Markets are overlooking the labor market damage of the oil shock
- EUROZONE - ECB quietly endorses market expectations for hikes this year
- UK - Hawkish set of MPC minutes lowers the bar to hikes in 2026
- CHINA+ - China’s private sector starting to revive in selected areas
- EM ASIA - India should be able to stomach oil at $150 this year; main risk is 2027
- LATAM - Benign inflation in Brazil, but oil shock clouds COPOM outlook
- US - How would the Fed react if oil prices soar to $150?
- EUROZONE - EZ inflation to jump to just under 3% by May; ECB will hike in response
- UK - Oil prices will need to go higher for longer to justify a rate hike
- CHINA+ - China less exposed to the oil-price jolt than Japan
- EM ASIA - India should be able to stomach oil at $150 this year; main risk is 2027
- LATAM - Energy shock tests growth, inflation and policy outlook
In one line: Balanced, until the mic drop at the end.
- In one line: From a “good place” to a stagflationary shock.
In one line: The ECB is no longer 'in a good place.'
