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.

China's Housing Market: Heading Closer Towards an Eventual Bottom

Avoiding a Lost Decade: China’s Real Estate Adjustment Reaches Critical Juncture in 2024

Stabilising China's Residential Property Market Produces Unintended Consequences

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>The People's Bank of China reduced its policy rate, lowered reserve requirements, and introduced a new lending facility to support the equity market.</li>
<li>New fiscal policy measures were announced to help consumers,  but large stimulus programmes invariably incur legacy issues that can subsequently impede the capacity of governments to counter faltering economic activity.</li>
<li>Improved Chinese equity prices need sustainment by higher corporate profits, courtesy of faster economic growth. Improved labour market conditions are essential for a recovery in consumer confidence and economic activity.</li>
</ul>


The People's Bank of China reduced its policy rate, lowered reserve requirements, and introduced a new lending facility to support the equity market.
New fiscal policy measures were announced to help consumers,  but large stimulus programmes invariably incur legacy issues that can subsequently impede the capacity of governments to counter faltering economic activity.
Improved Chinese equity prices need sustainment by higher corporate profits, courtesy of faster economic growth. Improved labour market conditions are essential for a recovery in consumer confidence and economic activity.


Success of China's Stimulus Measures Hinges on Improvement in Labour Market Conditions