Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The Chinese government has resorted to stimulus via infrastructure spending to boost the economy, a route that has historically stabilised growth. Much-hyped accelerated bond sales cannot solve China's current woes.</li>
<li>China's slowdown is attributable to legacies from the 2009 stimulus, notably the rise of shadow banking. Attempts to curb the real estate sector and technology companies have also created headwinds.</li>
<li>The ongoing threat of new lockdowns creates a challenging outlook for consumer spending in China, thereby making achieving the +5.5% official growth target for 2022 virtually impossible.  </li>
</ul>


The Chinese government has resorted to stimulus via infrastructure spending to boost the economy, a route that has historically stabilised growth. Much-hyped accelerated bond sales cannot solve China's current woes.
China's slowdown is attributable to legacies from the 2009 stimulus, notably the rise of shadow banking. Attempts to curb the real estate sector and technology companies have also created headwinds.
The ongoing threat of new lockdowns creates a challenging outlook for consumer spending in China, thereby making achieving the +5.5% official growth target for 2022 virtually impossible.  


China Reverts to Infrastructure Stimulus to Boost Economy, but Legacy Issues Loom Large