Report
Patrick Artus

Euro zone: Now it is France’s turn to benefit from a positive supply shock

Supply-side policies have been positive for Germany (from 2001) and Spain (from 2009). Now it is France ’s turn to benefit from a positive supply shock: Improvement in cost competitiveness relative to the other euro-zone countries; Fall in labour costs thanks to the reduction in corporate social contributions; A rise in the participation rate, i.e. in the labour supply. These positive supply shocks can be expected to lead France to post the best economic performance of the large euro-zone countries.
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

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