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https://global.pimco.com/en-gbl/91rrnnytw9x2
European Outlook: Less Downside Now, But Caution Still Warranted
Focusing on high quality and liquidity when taking risk in portfolios will be key in 2023, as pressure on monetary policy remains intense.
central bank, inflation, europe, non product
By Nicola Mai January 2023
July 2020 July '20
https://global.pimco.com/en-gbl/7wwqhgphccdq
Europe's Labor Measures: Short-Term Gain, Long-Term Pain?
European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the year.
economics, market volatility, central bank, non product
By Nicola Mai, Tiffany Wilding July 2020
May 2020 May '20
https://global.pimco.com/en-gbl/7wmj2bq1ws45
Europe: Moment of Truth
A committed and decisive fiscal/monetary partnership to tackle the economic crisis is urgently needed, but Europe continues to lag behind. European policymakers face a moment of truth.
market volatility, economics, public policy, non product, market volatility general
By Nicola Mai May 2020
https://global.pimco.com/en-gbl/7wj1j8kbxf32
Anti-Crisis Euro Package: Not Good Enough
With euro area output expected to drop by almost 10% this year, and unemployment and fiscal deficits to rise, an ample, blunt and well-coordinated response from European ministers was warranted. However, the new measures announced by finance ministers last week disappointed – again.
By Nicola Mai April 2020
https://global.pimco.com/en-gbl/7wdnmqswgk9p
In Europe the Crisis Policy Response Is Substantial, But More Is Likely Needed
The conditions for a relatively quick and robust rebound rest on the success in containing the virus within a reasonable horizon, and a well-calibrated economic policy response.
By Nicola Mai, Peder Beck-Friis, Konstantin Veit March 2020
Nicola Mai
Portfolio Manager, Sovereign Credit Analyst
Mr. Mai is an executive vice president in the London office and a sovereign credit analyst in the portfolio management group. He leads sovereign credit research in Europe, and is a member of the European portfolio committee. He is responsible for formulating key macro views for the region and for identifying and analyzing global macro and investment trends. Prior to joining PIMCO in 2012, Mr. Mai was senior euro area economist at J.P. Morgan for seven years. He started his career as an economist in the U.K. government, in a program run by HM Treasury. He has 20 years of investment and financial services experience and holds a graduate degree in economics from Universitat Pompeu Fabra in Barcelona and an undergraduate degree in economics from the London School of Economics.