Welcome to the web site of Economic Research
A quarterly publication setting out the Crédit Agricole scenario for the economy, interest rates and currencies in the main economic regions, ie, the Americas, Europe and Asia.
The fact that things seem to be normalising in the US is not just a piece of luck. It is very probably the consequence of a series of past initiatives that have begun to bear fruit. Elsewhere, the sense of clarity is definitely poorer. In Europe, and especially within the Eurozone, the situation remains confused and prospects are bleak.
One shouldn't always extrapolate from the recent past. Markets and economists seem to agree that the disappointment early this year regarding the improvement in global economic conditions will be short-lived. The "managing of expectations" by central banks is proving more complicated than expected. Geopolitical risk is higher. There is still no sign of volatility disappearing from the markets!
Any satisfaction to be derived from the conviction that global growth conditions are set to normalise in 2014 can only be relative… initial estimates for 2015 point to an economy struggling to gain traction. And markets are unable to let go of the idea that monetary policies will remain ‘reflationist'.
Weekly, monthly, quarterly, aperiodic... all the economic information at your own pace!