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US ‘still does not have the role of leader’, says Philippe Waechter

Quote of the day

US ‘still does not have the role of leader’, says Philippe Waechter

Michelle Zhu Published on Thu, Jun 16, 2016 / 4:20 PM GMT+8

Philippe Waechter, Natixis Asset Management

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Global economic activity continues to evolve at a moderate pace. The United States still does not have the role of leader despite a cyclical improvement in April. Europe is in a complex phase on the eve of the British referendum on the Brexit. The risk is major. As for Japan's situation, it remains fragile prompting Shinzo Abe to postpone to 2019 a VAT increase scheduled for 2017…

Philippe Waechter
Chief Economist
Natixis Asset Management