Report
Peter Warburton ...
  • Tom Traill
  • Yvan Berthoux
EUR 1480.50 For Business Accounts Only

Market Focus July/August 2020

A reticent consumer makes for a tentative retailer. Consumer-facing businesses in North America and Europe are staging the re-opening of their premises and keeping millions of workers on taxpayer-financed income replacement schemes. The furloughed masses are becoming less confident that they will be called back and hence more furtive in their spending behaviour. Like a nationwide game of ‘chicken’, businesses are daring the politicians to withdraw income support (at the risk of public revolt) and politicians are threatening businesses with the removal of their privileges if they do not bring back their workforces. Maybe the CARES Act cash payments should have been time-limited shopping vouchers!

Provider
Economic Perspectives
Economic Perspectives

Economic Perspectives is a trusted provider of global macroeconomic and financial research with clients in North America, Asia and the UK.

EP research weaves complex and diverse information into coherent macro narratives, providing clear analysis and original market insights for global investors. Our clients benefit from our long experience in connecting economic developments with the credit and financial market outlook.

The analysis of developments in global private sector credit markets is fundamental to our understanding of the global economic and financial outlook. However, the actions and interventions of central banks and government have become increasingly important to our economic assessment.

For several years we have maintained that the only credible resolution of the 2008 global credit crisis is a resurgence of global inflation. We take an eclectic approach to the inflation outlook, considering political and socio-economic factors alongside macroeconomic drivers. We provide the multi-dimensional appraisal of the inflation outlook that is critical to formulating a successful investment strategy, at a time when inflation complacency is rife.

We offer our research on a subscription basis or as a bespoke consultancy service. Our publications reflect our research agenda, shaped by the issues raised in client meetings. Our bespoke work tackles research projects of particular interest to our clients and is delivered as written reports or presentations.

Analysts
Peter Warburton

Tom Traill

Yvan Berthoux

ResearchPool Subscriptions

Get the most out of your insights

Get in touch