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 Fed is attempting to quell inflation that is largely the result of excessive economic stimulus. Meanwhile, the European Central Bank faces price pressures accentuated by disruptions to energy supplies.</li>
<li>Structurally higher energy prices will have significant implications for Germany's economic competitiveness. Foreign exchange markets are discounting that German companies will face a tougher challenges being competitive on international markets. </li>
<li>Despite headwinds stemming from energy supply disruptions, corporate profits in Germany are expected to fall only -2% in 2023.  The weak euro reflect lower potential productive capacity and demand destruction. </li>
</ul>


The Fed is attempting to quell inflation that is largely the result of excessive economic stimulus. Meanwhile, the European Central Bank faces price pressures accentuated by disruptions to energy supplies.
Structurally higher energy prices will have significant implications for Germany's economic competitiveness. Foreign exchange markets are discounting that German companies will face a tougher challenges being competitive on international markets. 
Despite headwinds stemming from energy supply disruptions, corporate profits in Germany are expected to fall only -2% in 2023.  The weak euro reflect lower potential productive capacity and demand destruction. 


Degraded Economic Outlook for Europe Puts Spotlight on Global Profit Forecasts and Currencies