Natixis - An â€œanti-Schumpeterianâ€ process must be avoided after the COVID crisis

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Natixis

Patrick Artus

An â€œanti-Schumpeterianâ€ process must be avoided after the COVID crisis

There is a risk that after the COVID crisis: The destruction of manufacturing jobs will be massive; And these jobs will be replaced by jobs in unsophisticated services; Debt and public aid will lead to zombie firms (companies that are overindebted, inefficient and invest little ). This means there is a risk of an â€œanti-Schumpeterianâ€ process setting in, when it is usually hoped that crises give rise to a Schumpeterian process, where employment and capital shift to the most efficient companies.

23/07/2020 5 EN

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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.

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Analysts

Patrick Artus

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An â€œanti-Schumpeterianâ€ process must be avoided after the COVID crisis

Long Bono 01/41 vs. Short Bund 05/41

Overview of the Asian covered bond market

Consolidation after the euphoria?

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An â€œanti-Schumpeterianâ€ process must be avoided after the COVID crisis