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 Monetary Easing Cycle Becomes More Idiosyncratic

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Credit cycles and financial conditions could vary significantly by sector and region during 2025.  Hawkish Fed policy and European political uncertainty complicate the credit outlooks for the US and Europe. </li>
<li>Emerging market growth and credit outlooks could be impacted by US protectionism and more hawkish Fed policy conduct.  Corporate and household credit trends are very mixed by individual markets.  </li>
<li>Upbeat US  corporate sentiment since the election suggests greater appetite for leverage. Returning fiscal rules within the European Union could be the biggest driver of credit trends in the region.     </li>
</ul>


Credit cycles and financial conditions could vary significantly by sector and region during 2025.  Hawkish Fed policy and European political uncertainty complicate the credit outlooks for the US and Europe. 
Emerging market growth and credit outlooks could be impacted by US protectionism and more hawkish Fed policy conduct.  Corporate and household credit trends are very mixed by individual markets.  
Upbeat US  corporate sentiment since the election suggests greater appetite for leverage. Returning fiscal rules within the European Union could be the biggest driver of credit trends in the region.     


Global Credit Outlook Gets More Complex Due to Recent US Developments

Multiple Countries

Global Credit Outlook Gets More Complex Due to Recent US Developments