Marc-Antoine COLLARD, Chief Economist, Head of Economic Research, Asset Management, Europe
The expansion of the global economy is caught in a tug-of-war between geopolitical drags and supportive macroeconomic policy. Giving the impression of a dance, markets have continued to sway as trade tensions pushed them down and monetary policy propelled them up. Yet, if the service sector had held up, recent reports show a downturn in global hiring intentions and reduced working hours in several countries, suggesting these drags are no longer solely concentrated in the goods-producing industries. Read more...
