Natixis - Euro zone: Beware of the new industrial shock

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Natixis

Patrick Artus

Euro zone: Beware of the new industrial shock

The deindustrialisation of the euro zone is reducing productivity gains, potential growth and the standard of living. Unfortunately, another deindustrialisation shock is now coming: Due to the decline in global demand for capital goods, linked to the gradual transformation of the world into a service economy; Due to the foreseeable automotive sector crisis linked to the rapid shift to electric cars; Due to the weakening of the "industries of the past" (chemicals) in Europe; And still due to the euro zoneâ€™s cost competitiveness disadvantage against emerging countries.

09/05/2019 7 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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Euro zone: Beware of the new industrial shock

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

La BCE en pause estivale afin de garder « l’optionalité » de sa politique

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