Report
US: the economic risk seems to be contained
The business climate in the US deteriorated sharply over the summer. Its current level is associated with real GDP growth of about 1.5% annualized, instead of a peak of 3% in mid-2018. From that date onwards, economic weakness had tended to spread, both in sectoral and geographic terms. In recent months, this contagion has stopped thanks to the rebound in housing activity and household spending. The yield curve has “de-invertedâ€. Downside risks remain high, but GDP growth may be ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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