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 Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Asian countries are very uncertain about how reciprocal tariffs with the US will eventually play out. Exporters need to find new markets. Governments will have to engineer new growth drivers.</li>
<li>China has built closer direct investment ties with Vietnam since the first Trump administration in order to avoid US protectionist measures. Local content requirements could be toughened by the US.</li>
<li>China’s economy still relies heavily on net exports, while consumers currently remain cautious about discretionary spending. Monetary policy in China has not been successful in reviving private credit demand.</li>
</ul>


Asian countries are very uncertain about how reciprocal tariffs with the US will eventually play out. Exporters need to find new markets. Governments will have to engineer new growth drivers.
China has built closer direct investment ties with Vietnam since the first Trump administration in order to avoid US protectionist measures. Local content requirements could be toughened by the US.
China’s economy still relies heavily on net exports, while consumers currently remain cautious about discretionary spending. Monetary policy in China has not been successful in reviving private credit demand.


Looming US Tariffs Raise the Ante on Asia to Change Growth Dynamics