Report
Patrick Artus

How can purchasing power be increased in France?

There is strong pressure in France to demand improved purchasing power and to protest against low incomes. But while it is easy to increase Americans’ purchasing power, there is a lack of ideas on how to do it in France. Real wage growth is outpacing labour productivity growth and the minimum wage is already high relative to the median wage; The redistributive policies are already large-scale; Driving down real estate prices would require a far higher level of construction; Boosting household purchasing power through fiscal deficits is now reaching its limit s.
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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