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Philippe Waechter

Chief economist

Strong start for the Euro Area in 2016

29.04.2016 - Philippe Waechter

The first quarter of 2016 shows a strong acceleration in the economic activity of the Euro Area.

Its growth was 2.2% at annual rate after 1.4% during the last three months of 2015. During the same period, GDP was up by 2.2% in France and 3.2% in Spain (we do not have more details).
The carry over growth for 2016 at the end of the first quarter is 1% for the Euro Area and France and 2% in Spain. This should be consistent with a 1.5%+ growth in the Eurozone and France and to circa 3% in Spain.

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Philippe Waechter is Head of the economic research department of Ostrum Asset Management.

Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.

Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.

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On 3 April 2018, Natixis Asset Management became Ostrum Asset Management.