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>The impact of the US/Israel-Iran conflict has been uneven across emerging markets (EMs), largely determined by the reliance on Middle East-sourced energy. </li>
<li>The endgame for corporate sectors in EMs will depend on their exposure to Middle East energy supply constraints and higher energy costs, as well as the pricing power of companies.</li>
<li>Corporations in Malaysia and Thailand face the largest potential corporate credit stress stemming from a prolonged Middle East conflict, while Chilean and Mexican companies lead the way in Latin America.</li>
</ul>


The impact of the US/Israel-Iran conflict has been uneven across emerging markets (EMs), largely determined by the reliance on Middle East-sourced energy. 
The endgame for corporate sectors in EMs will depend on their exposure to Middle East energy supply constraints and higher energy costs, as well as the pricing power of companies.
Corporations in Malaysia and Thailand face the largest potential corporate credit stress stemming from a prolonged Middle East conflict, while Chilean and Mexican companies lead the way in Latin America.


Uneven Fallout of Middle East Conflict on Emerging Markets, but Asia More Vulnerable to Stagflation