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)
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.
In one line: One more decline coming in January before a rebound.
- US - December CPI suggests tariff pass-through is slowing
- EUROZONE - With friends like this…; how can the EU react as Trump eyes Greenland?
- UK - GDP likely rose in November despite pre-Budget uncertainty
- CHINA+ - China’s inflation firms in December, but sustained reflation still tricky
- EM ASIA - Reasons to believe Vietnam’s Q4 GDP growth shock is the peak
- LATAM - Brazil’s inflation hits target range; Mexico’s industry finds its footing
- In one line: The ECB’s December forecasts now look too hawkish.
- US - December labor market data to maintain pressure on FOMC to ease
- EUROZONE - ECB doves get a late Christmas gift in Germany’s December HICP
- UK - Forecast review: five questions for the New Year
- CHINA+ - China’s services firms optimistic despite cooling in demand
- EM ASIA - Singapore GDP ends 2025 on a high, but we expect this to fade
- LATAM - Security, geopolitics and elections redefine LatAm’s political outlook
- US - Lackluster payrolls, but not alarming enough for a January easing
- EUROZONE - ECB preview: EZ policy rates to stay on hold all the way until 2027
- UK - CPI preview 2: headline falling to 3.5%, but services up to 4.7%
- CHINA+ - China’s domestic demand still in the slow lane as policy boost fades
- EM ASIA - “End” to BSP’s easing will come when rates fall to 4.25%
- LATAM - Kast’s mandate signals Chile’s return to discipline, and market confidence
- US - Consumer resilience is ebbing as year-end approaches.
- EUROZONE - SNB to stand pat despite fall in inflation.
- UK - PMI shows growth stabilising after Budget chaos.
- CHINA+ - China's Politburo focus on domestic demand and structural issues.
- EM ASIA - RBI resumes its easing cycle, but this cut will likely be its last.
- LATAM - Brazil's Q3 GDP stalls as tight financial conditions bite.
