Report
Patrick Artus

Has the United States become "larger" from an economic viewpoint since the election of Donald Trump?

Are there signs that the US economy has improved since the start of 2017? It is clear that growth and the decline in unemployment were greater than expected until the COVID crisis. This can be attributed to the continuation of the demand-stimulus policy despite the low level of unemployment, which was an interesting economic policy experiment (the practice of "overheating"); But has there been an improvement from a more structural viewpoint, for example in the areas of: Reindustrialisation and foreign trade; The attractiveness of the United States for corporate investment; The quality of jobs; Technological progress, long-term growth; Employees' purchasing power? We see a few signs of structural improvement: A certain reindustrialisation; An acceleration in productivity thanks to companies’ modernisation effort; A stabilisation of income distribution . However, foreign trade in volume terms and the quality of jobs continue to deteriorate.
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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