All Financial publications

The pandemic isn't over, as shown by the onset of the Omicron variant and the rise in cases, hospitalizations and deaths in several countries. COVID 19 therefore remains an important risk factor that can still affect our forecasts.

Details : Financial letter, Winter 2021, 58^th edition

To forestall a domino effect on supply and demand, governments opened the coffers of public finances and central banks deployed a bottomless monetary toolchest (interest rates, virtual balance sheets, quantitative purchasing).

Details : Financial letter, Fall 2021 – 57^th edition

The unusual, spectacular response of public authorities has made it possible to preserve the gains of the past, quickly enable an exit from the crisis and allow for a recovery.

Details : Financial letter, Summer 2021 – 56^th edition

“Global economic prospects have improved markedly in recent months, helped by the gradual deployment of effective vaccines, announcements of additional fiscal support in some countries, and signs that economies are coping better with measures to suppress the virus.” (OECD, March 2021)

Details : Financial letter, Spring 2021, 55^th edition

The recovery took only 100 days, but caution remains in order.

Details : Financial letter, Winter 2020, 54^th edition