Global growth in 2015: Same profile as in 2014?

In 2014, the global recovery stumbled over a series of unforeseen events. Bad weather paralysed the US economy in the first quarter. Seasonal and calendar anomalies contributed to the stagnation in the European economy in the second quarter. Demand in Japan - which was artificially inflated ahead of the fiscal shock - suddenly contracted in the spring in reaction to the VAT increase. Lastly, confidence deteriorated because of geopolitical shocks (Russia, Middle East).

Mario Draghi’s modern dream of Sisyphus

Mario Draghi could feel a bit like Sisyphus these days. Not in the sense that he might think that it takes a lot of repeated efforts to success but in the sense that whatever the measure he takes, it will never succeed to curb on inflation, but he has to try further and further…

Natixis’ Global Markets view

As regards our expectations for 2014 and 2015, a core assumption is that productive investment will strengthen further in the US and finally in the UK, with internal and external financing conditions that are favorable for Anglo-Saxon firms, a decline in energy costs in the US and stronger-than-expected global demand.