Chief Economist and Director of Economic Research
Marc-Antoine is Chief Economist and Director of Economic Research at Rothschild & Co Wealth and Asset Management since 2014. Furthermore, he is lecturer in Economics at Sciences Po Paris since 2012.
Previously, he began his career as an economist at the Department of Finance of Canada (2004-05) in Ottawa and was then recruited as strategist-economist for CDPQ Caisse de Dépôt et Placement du Québec (2005-10). Marc-Antoine moved to France as Country risk economist for the Americas and Middle East, and Head of Commodities Research at Société Générale (2011-14).
Market Commentary
Weakening business confidence indices continue to cast doubts on the global economy’s resilience. Although core inflation remains above central banks’ targets, the cooling of labour markets has not gone unnoticed, prompting a major shift in policy rates projections.
Market Commentary
Business confidence fell at the end of Q2-24, casting doubts on the positive momentum going into the second half of the year, while rising political uncertainty add to an already complicated conduct of monetary policy.
Market Commentary
Although the global economy is still experiencing the lagged effects of tighter monetary policy, business confidence has been improving over the past few months, suggesting positive momentum going into the second half of the year. Will central banks be a tailwind or a headwind?
Market Commentary
Recent monthly indicators suggest that the slowdown in global growth around the turn of the year has bottomed out. However, inflation outlook remains murky and the latest data have shaken investors’ confidence that significant monetary policy easing is in the offing.
Market Commentary
Recent data suggest that inflation could prove persistently high for some time and limit the room for central bank easing. Despite this high-for-long path for policy stances, investors remain convinced it will not prove sufficient to derail global growth.
Market Commentary
Global growth resilience expected in 2024 masks the continuation of sharp regional divergences. Although headline inflation in most G20 countries is projected to continue its normalisation, it is unlikely to be back to target before the end of 2025, and upside risks remain elevated. In fact, central banks may be forced to remain prudent to ensure that underlying inflationary pressures are durably contained.
