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Philippe Waechter

Chief economist

Soft Brexit …or how to do a swift about-turn

28.06.2017 - Philippe Waechter

In the wake of the UK elections, the ensuing confusion suggests an increasing likelihood of a soft Brexit, as Theresa May does not have a majority and will have to deal with the situation as it stands. However, it cannot, and will not, be quite that simple as this would mean going back on the result of the Brexit referendum.

One source of confusion derives from the fact that British citizens’ image of Europe has changed considerably in the space of a year, and according to a survey by PEW Research Center in Spring 2017, a majority of the population in the UK has a positive view of Europe i.e. 54%, or 10 points higher than this time last year at the time of the referendum.

 

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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.

On Twitter

Philippe Waechter . 11h ago

Cela pourrait éventuellement aller plus loin mais c'est un changement qui montre une certaine normalisation de l'éc… https://t.co/pK3sVxquV6

Philippe Waechter . 11h ago

Le poids du commerce extérieur est toujours important en Allemagne mais l'économie d'outre-Rhin se normalise avec u… https://t.co/QlLbpzjp8o

Philippe Waechter . 11h ago

. Jusqu'en 2015, la contribution des demandes interne privée et externe étaient du même ordre. Ce n'est plus le cas… https://t.co/rzeLwtK6h6

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