Analysts at BNP Paribas gave a snapshot of global macro economies.
Key Quotes:
EZ: The European Commission revises upwards its growth forecasts. The Spanish economy recovers.
US: GDP growth slowed markedly in Q4 2014. Nonetheless the underlying trend remains robust. US corporate and household spending was up by 4% a quarter. And all this without inflation.
Germany: Germany progressively digests the Russian crisis; economic activity accelerates. In Germany, the economic model, based on competitiveness, market share defence and budgetary orthodoxy, is unlikely to be questioned soon.
Japan: Japan is currently exiting almost two decades of deflation. The extremely loose monetary stance since April 2013 has succeeded in raising inflation.
Key Quotes:
EZ: The European Commission revises upwards its growth forecasts. The Spanish economy recovers.
US: GDP growth slowed markedly in Q4 2014. Nonetheless the underlying trend remains robust. US corporate and household spending was up by 4% a quarter. And all this without inflation.
Germany: Germany progressively digests the Russian crisis; economic activity accelerates. In Germany, the economic model, based on competitiveness, market share defence and budgetary orthodoxy, is unlikely to be questioned soon.
Japan: Japan is currently exiting almost two decades of deflation. The extremely loose monetary stance since April 2013 has succeeded in raising inflation.
