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 - Rising unemployment keeps a December FOMC easing in play
- EUROZONE - Inflation still on track to keep the ECB on hold in December
- UK - Week in review: hello December MPC rate cut
- CHINA+ - China’s residential market still has a way to go until recovery
- EM ASIA - India’s record trade deficit in October mainly an import story
- LATAM - Mexico’s recovery stalls as technical recession looms in H2
- In one line: Solid headlines in services; weakness coming in industrial output.
- US - How much is AI contributing to the labor market slowdown?
- EUROZONE - Swiss economy shrinks more than expected in Q3; Q4 will be better
- UK - GDP headline means a rate cut, but the underlying picture is better
- CHINA+ - China’s logistics ambitions: from SF Express to the Northeast Passage
- EM ASIA - Inventories make Thailand’s Q3 GDP look worse than it actually was
- LATAM - Brazil’s economy slowing rapidly in Q3; Chile’s first round fragmented
- US - Tariffs unlikely to drive a big “re-shoring” of US manufacturing
- EUROZONE - Swiss GDP fell in Q3 and the economy is now likely in recession
- UK - Only 15 sleeps to go until the Budget, but firms brush off worries
- CHINA+ - China’s export growth more resilient than the headline figures suggest
- EM ASIA - Philippines’ ugly Q3 GDP long in the making; ICI will make things worse
- LATAM - Banxico cautious as core inflation stickiness curbs easing prospects
- US - Indicators of consumers’ spending are starting to flash amber
- EUROZONE - The ECB keeps rates steady as inflation and GDP look resilient
- UK - MPC preview: holding Bank Rate steady but signalling cuts
- CHINA+ - Xi-Trump meet-up: temporary trade truce tilted in China’s favour
- EM ASIA - Taiwan’s GDP growth still strong, but we think it’s finally peaked
- LATAM - BCCh holds rates as political noise grows; Mexico’s GDP falls in Q3
In one line: Only a washout in November can deliver an ECB rate cut now.
In one line: Thin gruel, but a bit of clarity on the ECB’s ETS2 assumptions.
- In one line: Nothing to see here, move along.
- US - Falling core services inflation to allow extended FOMC easing cycle
- EUROZONE - Not much for the ECB to talk about tomorrow; all eyes on December
- UK - Week in review: December rate-cut call, but reasons for caution still
- CHINA+ - US-China agree broad framework for trade ahead of Xi-Trump meet-up
- EM ASIA - A surprise hold, but BI isn’t done; we still see a cut to 4.50% by year-end
- LATAM - Policy shift nears in Brazil as disinflation deepens; Milei’s win
In one line: PMIs remain terrible, but INSEE survey data look better.
- US - September CPI to rise sharply, but by less than markets are pricing in
- EUROZONE - EZ GDP likely grew by 0.1% over the quarter in Q3, as in Q2
- UK - Another big Budget to add ‘belt and braces’ to fiscal headroom
- CHINA+ - What else do we expect in China’s 15th Five-Year Plan?
- EM ASIA -Malaysia’s Q3 GDP surprisingly rises, thanks to extractives
- LATAM - Slight momentum in Brazil’s economy, but the outlook is fragile
- In one line: Core is too strong for another rate cut in Q4.
- US - What’s at stake if the AI boom turns to bust?
- EUROZONE - We’re lifting our Q3 GDP growth forecast for France
- UK - GDP likely unchanged in August as industrial output drags on growth
- CHINA+ - Renewed US-China trade tensions highlight fragility of their relations
- EM ASIA - A rude, if long overdue, awakening for the BSP’s talk of a “sweet spot”
- LATAM - BraMex inflation: diverging paths, same cautious central banks
- US - Most alternative indicators of payrolls are garbage
- EUROZONE - Swiss inflation is low and set to fall, but the SNB will ignore it
- UK - H1 growth well-balanced, if we smooth through front-running
- CHINA+ -Japan’s likely new prime minister could lead the BoJ to delay rate rise
- EM ASIA - Still a matter of when, not if, the RBI will cut again; we look for December
- LATAM - BanRep holds rates as inflation persists, fiscal weakness deepens
- US - September payrolls likely rose only modestly, despite favorable seasonals
- EUROZONE - SNB stands pat; we now think the easing cycle is over
- UK - Consumers’ confidence staying resilient despite the headwinds
- CHINA+ - Japan’s manufacturing sector yet to see tariff relief, despite US deal
- EM ASIA - Indonesia’s finance minister sets himself up for failure with budget
- LATAM - Banxico eases amid fragile growth, inflation, and trade uncertainty
- US - FOMC likely to ease a further 50bp this year, but expect close votes
- EUROZONE - We’re lifting our EURUSD forecast, but not enough for a rate cut
- UK - Week in review: Sticky inflation and questionable slack
- CHINA+ - Xi-Trump call: Trust rebuilding, finer TikTok details still being ironed out
- EM ASIA - Three consecutive surprises from BI and we expect another in October
- LATAM - Copom holds Selic but normalisation path emerging; Argentina in trouble
In one line: That’s more like it, but upturn in manufacturing is on borrowed time.
In one line: Political brinkmanship comes at a cost.
In one line: All set for a rebound into year-end.
- US - FOMC too nervous about inflation to endorse the market curve
- EUROZONE - Closer to an estimate for the Q1 2026 fall in German energy prices
- UK - CPI preview: nudging up to 3.9% in August as food prices jump
- CHINA+ - China’s ailing domestic demand likely to prompt targeted support
- EM ASIA - EM Asia laggards won’t chip away at the Asian Tigers’ chip dominance
- LATAM - Brazil economy weakens as tight policy and tariffs weigh heavily
