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 - Hawkish talk from the FOMC unlikely to be backed up by hawkish action
- EUROZONE - Will industrial policy help European cars return to the fast lane?
- UK - CPI review: Focus on solid services inflation rather than headline
- CHINA+ - BoJ signals its readiness to speed up rate hikes
- EM ASIA - Rate round-up: BI Fed fears mean one more hike, BSP mulls a hold
- LATAM - Colombia shifts to the right, but mandate remains extremely narrow
- US - Time for the real Kevin Warsh to stand up
- EUROZONE - White smoke in the US-Iran talks kicks July hike into long grass
- UK - MPC preview: another “active” hold, biased towards a hike
- CHINA+ - Chinese exports enjoy knock-on effects from AI boom
- EM ASIA - US-Iran deal; short-term neutral for Indian CPI, but good news for WPI
- LATAM - Inflation complicates Brazil’s outlook; Peru’s rate pause looks set to last
- US - Four notes of caution over the recent upturn in payrolls
- EUROZONE - ECB set to end year-long policy hiatus this week with a 25bp hike
- UK - Money and credit review: few signs of a hit to activity from Iran war
- CHINA+ - China tightens oversight of outbound investment and capital flows
- EM ASIA - War noise unlikely to stop Vietnam’s exports from flying higher in Q3
- LATAM - El Niño adds new inflation risks to LatAm, but hit differs widely
In one line: All set for a 25bp rate hike next week.
- US - NFP preview: the die is weighted toward a downside surprise
- EUROZONE - Inflation shock will sting real income growth in France in 2026
- UK - Corporate failures remain low, but Iran war will boost distress slightly
- CHINA+ - Korea’s chip-export bonanza allows BoK to focus on inflation risks
- EM ASIA - Thailand’s latest consumer stimulus will reshape—not re-energise—2026
- LATAM - Brazil’s economy enjoys solid Q1, but inflation clouds the outlook
- US - The fiscal sugar rush for households is over; meager rations lie ahead
- EUROZONE - PMIs indicate the EZ economy is now in stagflation
- UK - CPI review: much—not all—of the downside news will unwind
- CHINA+ - Weak JPY pushing BoJ to hike rates, despite slowing inflation
- EM ASIA - BI’s huge, but explicitly pre-emptive, 50bp rate hike likely a one-off
- LATAM - Brazil’s economy still resilient, but restrictive policy is biting
- 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.
