Report
Patrick Artus

Does the growth slowdown result from weak domestic demand or weak export capacity?

We look at the United States, the four largest euro-zone countries and China. Does the current slowdown in growth in these countries result from: Weak domestic demand? Weak export capacity (either a supply-side problem in these countries or weak global trade)? It is important to bear in mind that weak exports can also lead to weak productive investment. We then see that: Weak domestic demand explains the current weakness of growth in the United States, France, Italy and China; Weak export capacity explains the current weakness of growth (both causes are present in some countries) in the United States, Germany, Spain and China.
Provider
Natixis
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.

 

Analysts
Patrick Artus

ResearchPool Subscriptions

Get the most out of your insights

Get in touch