Lorenzo Codogno
Lorenzo Codogno
change governing perceived shift
At the margin, the change may be perceived as a small, dovish shift for the ECB governing council.
economy forced issues problem require strong tackling
Italy's economy has become a real problem and tackling the issues head-on will require a strong government, not one that may be forced into compromises.
era gone good people regret
That whole era is gone for good and not many people will regret its passing.
coming countries domestic number pressures uneasy
There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
available certainly change financial globally horizon japan purchase reduced
With a long-term horizon it will certainly change the situation, not only in Japan but globally ... because reduced liquidity is available for purchase of financial assets.
belts bill consumers economy energy increased risk
With the energy bill having increased recently, the risk is that consumers will tighten their belts over Christmas. The euro-zone economy is still at risk of a disappointing Christmas.
chances changed debate victory
The debate may not have changed significantly the chances of victory of the two coalitions.
believe coming data disposable euro evidence expected gradually hard household improvement likely line modestly private proceed recovery shift soft zone
We believe that the long-awaited shift from soft to hard data is evidence of a recovery in euro zone private consumption has started, and will likely proceed gradually and modestly over the coming months, in line with the expected improvement in household real disposable income.
change economic interest rates seem short suggest
We don't see any change this year. Economic indicators seem to suggest there will be no change in interest rates in the short term.
february high hike looks march remains
The probability of a February hike looks very small, but that of a tightening in March remains high in our view.
delicate government position pressure reluctant turning
The government was very reluctant to take a position because it's a very delicate situation, but now they are really turning the pressure on.
gap hard mind soft
Mind the Gap between Soft and Hard Data.
change global growth modest prospects shock
It would take a big global shock to change the prospects for at least modest growth in Europe.
global major remains threat
Protectionism remains the major threat to global growth.