Tag : PMI

Eurozone: Blinded by the light?

Eurozone economic growth is robust. This dynamism is shared amongst its members. However, important structural differences remain. The favourable cyclical environment calls for an economic policy to boost potential GDP growth and strengthen the resilience.


Good near term outlook for Eurozone growth

Although the composite purchasing manager index (PMI) for the Eurozone saw a small decline in December to 54.0, it remains at a high level, at least compared to its recent history.


Dichotomies dominate the global economy

In recent months, the financial press has provided extensive coverage of the Chinese growth slowdown, the hesitations of the Federal Reserve to hike or not and the decisiveness of the ECB to ease more if need. They are a reminder of the dichotomies which characterise the world economy. To visualise this, the following chart uses […]