United Kingdom: Anatomy of economy on lockdown life-support

Shape of Recovery: Square Root & Hockey Stick

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research While GDP data for Q1 are now “old” and seemingly of limited use, it makes little sense to forecast global growth in Q2 and beyond without at least knowing the starting point. We estimate,...
United Kingdom: Anatomy of economy on lockdown life-support

Chinese Renminbi – Canary in the coal mine

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research While the United States and China have not gone as far as re-introducing or increasing tariffs on each others’ imports, the war of words between the two trading superpowers has clearly...
United Kingdom: Anatomy of economy on lockdown life-support

Lessons learnt from Q1 collapse in global GDP

Fixed Income Research & Macro Strategy (FIRMS) – From 4X Global Research Global GDP growth, in year-on-year terms, slowed to -2.7% in Q12020  from +3.1% in Q4 2019 and in quarter-on-quarter terms to -4.5% from +0.6% in Q4, based on growth rates in 14 major...
United Kingdom: Anatomy of economy on lockdown life-support

US GDP growth – One extreme to another

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The BEA will release tomorrow its first estimate of US GDP growth in Q1. Consensus estimate for the quarter-on-quarter seasonally-adjusted annualised rate of growth is -4.0%. If correct this...

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