Weekly Economic Insights - 3 December 2018

Macro Highlights - 12/5/2018

Highlights of the week

Economist insights: Truce in the trade conflict negotiated alongside the G20 summit, rise in US consumption, stabilisation of the eurozone’s employment rate, and GDP contraction in Switzerland.


  • The US has agreed to temporarily suspend the additional increase in trade tariffs on Chinese imports set for 1 January 2019

United States

  • Slight acceleration in US disposable income and household spending in October 2018
  • Good outlook for consumption thanks to higher wages and a decline in energy prices


  • The unemployment rate continued to stabilise, and was at 8.1% in October
  • Limited impact on wage growth and inflation in 2019


  • After a year and a half of continuous expansion, GDP contracted by 0.2% in the third quarter…
  • … due to lower exports and investment spending

To receive the entire publication and to subscribe to our weekly economic insights, please ask your contact at Edmond de Rothschild or send an email to macro-eco@edr.com