"macro backdrop" is correct and usable in written English.
You can use it to refer to the overall context of a situation or environment. For example, "The macro backdrop of the economy is improving, but many people are still struggling to make ends meet."
His reasons: (1) The macro backdrop is stabilising.
The macro backdrop now appears less supportive and there are some signs of slowing steel demand in China.
But the "challenging macro backdrop" weighed on profits, Ruth Porat, the bank's chief financial officer, said in a telephone interview.
Analyst Adam Cochrane said: With a tough macro backdrop possibly continuing into 2010, Kesa offers a self help story through reduction of £35m international losses, only 30% sales exposure to the UK, the benefit of cyclical operational gearing and a healthy balance sheet.
Credit Suisse was typical: We initiate coverage of Glencore with an outperform rating and a 600p target price: an uncertain macro backdrop and uninspiring set of inaugural first quarter results have led to weak trading conditions for Glencore shares in recent weeks.
However, looking out on a 12-18 monthorizonon and assuming that the macro backdrop remains favourable, we expect the sector to continue to deliver good growth in net assets and see more attractive valuations post the recent sell-off as offering opportunity.
John Kershaw at Bank of America Merrill Lynch agreed: "Given the deterioration in the macro-backdrop, the outperformance of the discounters, and with Mr Clarke firmly ensconced in the role [of chief executive], we expect a more sustained effort to keep pricing close to Asda".
All this with a worsening macro economic backdrop where the UK retrenched back into an official recession, the world's biggest economy slowed and Spanish unemployment hit a record high.
The Macro-Economic and Cultural Backdrop.
SD Shibulal (Shibu), chief executive of the Indian-based multinational Infosys, said: "In the backdrop of a challenging macro-economic environment, business leaders are grappling with the need to drive growth and profitability.
This time, Breakingviews said, the hedge fund is shooting for a more reasonable target and will be doing so against the backdrop of the strong recent performance of BH Macro.
