Florence Pisani, PhD
About

Florence Pisani, PhD

Chief Economist, Member of the Executive Committee

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Florence Pisani is the Chief Economist at Candriam. She joined Candriam in 2002, becoming Global Head of Economic Research in 2016. She also teaches at the University of Paris Dauphine.  

Florence is the co-author several books with colleagues Anton Brender and Emile Gagna. The most recent, The Macroeconomics of Debt, Europe’s Blind Spot (2021), examined public borrowing and growth in a low-interest-rate world. Others include The American Economy : A European View (2018); Money, Finance and the Real Economy: What Went Wrong? (2015), and The Sovereign Debt Crisis: Placing a Curb on Growth (2012). Prior to joining Candriam, she was a macroeconomist at the French investment bank CPR Gestion. 

Dr. Pisani holds a PhD in Economics from University of Paris Dauphine. 

Discover the latest articles by Florence Pisani, PhD

Florence Pisani, Stefan Keller, Outlook 2025

The German economic model in question

Between 2005 and 2017, when most Eurozone economies saw declines in both the weight of their industries and their export market shares, Germany stood out for its powerful industry, strong market shares... and its fiscal rigor. Over this period, German GDP grew 10% faster than the rest of the zone. Germany and its social co-management model (Mitbestimmung) have long been held up as the example.
Nadège Dufossé, Florence Pisani, Asset Allocation, US elections

Update on US elections

Donald Trump heads back to the White House as the 47th President, with an increased likelihood of a Republican sweep. Yesterday (6 November), market reactions were strong, with US stocks hitting all-time highs, 10Y bond yields jumping to 4.5%, and the dollar surging against most currencies.
Nicolas Forest, Florence Pisani, US elections

Should we be afraid of the US elections ?

With the partisan divide hardening in the run-up to November 5, the presidential race was revived with the withdrawal of Joe Biden at the end of July. In just a few weeks, Kamala Harris has breathed new energy into the Democratic campaign.
Florence Pisani, Emile Gagna, Outlook

Central banks remain cautious

At the start of summer 2024, growth continues, but its pace remains uneven across countries and regions. China is still facing deflationary pressures, the eurozone is making slow progress, while growth in the United States, still close to 2% , seems to be slowing a little. Wherever inflationary pressures have been felt, they have continued to abate over the months, paving the way for a cautious easing of monetary policy.
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