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November 19, 2024

Spain | Geopolitical risk as the leading threat to financial stability

A few days ago, Bank of Spain released its Financial Stability Report, one of its top publications. Coincidentally, this report came out on the same day Americans elected their new president.

August 26, 2019

Europe prepares for an uncertain fall

Economic data and news this summer in Europe are disappointing; especially for the signs of vulnerability of the more open economies following the slight fall in production in Germany and the fading expectations that the main risks would diminish in the second half of the year.

July 31, 2019

China’s economy is still searching for a bottom

Last week China’s government announced its GDP figures in the second quarter as well as a batch of activities indicators in June such as industrial production, retail sales and fix-asset investment. These headline figures still look fine.

March 5, 2019

US | On Principles:Fed does about-face on operational framework and balance sheet strategy

Tweaks to Fed balance sheet strategy and operational framework. Fed to reach terminal balance level in 2019. New principled approach not without risks.

September 27, 2018

U.S. | Just what the doctor ordered: real-time recession forecasts

Highly predictive financial and economic factors suggest recession risk remains low. However, these indicators are trending towards pre-recession peaks, implying a recession could happen around 2020.