Eric Chaney's economic view

Eric Chaney

"The global economy is slowing", August 2010

 

By Eric Chaney, Chief Economist of AXA Group & Alexandra Olmedo, Associate Economist at AXA IM

 

 

Fresh views on the global economy: Eric Chaney's blue book
 

Key themes

 

- The peak of the global inventory cycle is behind us
A global slowdown is due in H2 2010


- Risky assets markets are destabilized:
1. Greek/€ crisis seen as seed for systemic shock
2. Fiscal tightening in Europe viewed as premature
3. China slowdown perceived as hard landing
4. US recovery more uncertain than one month ago


- My assessment:
1. Slowdown or x-2 dip? No definite answer before end 2010
2. Contagion will stop at the gates of Spain and Italy
3. Beijing will not take chance with the recovery
4. Doubts on US recovery negative for USD
5. Fears of generalised deflation are overblown

 

View Eric Chaney's latest global outlook "The global economy is slowing"(PDF) 1216Kb (August 2010)

 
 
 

Fresh views on the global economy: Eric Chaney's blue book

 

> The global economy is slowing (August 2010) (PDF) 1216Kb

 

> The global economy is slowing (July 2010) (PDF) 1418Kb

 

> Global economy: and now the slowdown (not the double dip) (June 2010) (PDF) 1368Kb

 

> Global recovery should trump market anxieties  (May 2010) (PDF) 881Kb

 

 

 

 

Eric Chaney newsletters

 

> Eric Chaney's Newsletter Taking Stock (July 2010) (PDF) 101Kb

 

> Eric Chaney's Newsletter Taking Stock  (June 2010) (PDF) 78Kb

 

> Eric Chaney's Newsletter Taking Stock (July 2009) (PDF) 160Kb

 

 

 

Profiles

More publication

 

> Download the Investment Acumen Special Issue about Economic Symposium (February 2010) (PDF) 6066Kb

 
Opens in a new window: Eric Chaney, Chief Economist of the AXA Group presents Economic Symposium findings: lessons taken from the crisis

> Eric Chaney, Chief Economist of the AXA Group presents Economic Symposium findings: lessons taken from the crisis(7'06) March 2010.