Report
France: Rapid employment growth and rapidly deteriorating foreign trade are signs of Dutch disease
France is now displaying both: Rapid employment growth, with a lack of productivity gains; Rapid deterioration in foreign trade, whether total or in industrial goods. The combination of rapid employment growth and deteriorating foreign trade is a sign of Dutch disease: a shift in the economy from industry to services, normally combined with a decline in the quality of jobs and in the sophistication of the economy.
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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.
Patrick Artus
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