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.

Geopolitical Outlook for 2023: Sino-Indian Border a Potential Flashpoint

Beijing Shows Signs of Shifting Towards Policy Pragmatism

Gazing into 2023: Baseline Risks Assessed

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Chair Powell is not expecting a rapid decline in broad-based core inflationary pressures in 2023, thereby making it impossible to contemplate cutting the policy rate next year.</li>
<li>The bulk of risks for 2023 are skewed to the downside due to potentially more deeply-entrenched inflationary pressures and continued geopolitical fallout impacting energy prices.</li>
<li>Asia Pacific countries reliant on external demand will be impacted by downside outcomes in the US and Europe, while net importers of food and energy will face domestic demand pressures.  </li>
</ul>


Chair Powell is not expecting a rapid decline in broad-based core inflationary pressures in 2023, thereby making it impossible to contemplate cutting the policy rate next year.
The bulk of risks for 2023 are skewed to the downside due to potentially more deeply-entrenched inflationary pressures and continued geopolitical fallout impacting energy prices.
Asia Pacific countries reliant on external demand will be impacted by downside outcomes in the US and Europe, while net importers of food and energy will face domestic demand pressures.  


Potential Economic and Financial Market Downside Risks in 2023