Report
A key difference from the past: The overall expansionary policy mix at the end of an expansion period nowadays
We look at the United States and the euro zone : at the end of an expansion period in the past, both fiscal and monetary policies became restrictive, which triggered recessions. Nowadays, also at the end of an expansion period, fiscal and monetary policies are expansionary (with the exception of Germany's fiscal policy). This is a significant factor in markedly reducing the probability of a recession.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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