Report
Could Germany be in trouble?
We believe that Germany is racking up problems: Slowing exports due to the slowdown in global trade and, possibly, the effects of a no-deal Brexit; Falling production in “old†industries: automotive , chemicals and other intermediate goods, coal-fired electricity, industrial capital goods; Correction of excess employment; German companies have yet to adjust their employment to production, which explains the fall in productivity; Declining cost competitiveness and profitability, as wages have increased much faster than productivity.
Provider
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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