Report
Patrick Artus

How does the euro-zone economy adjust when there is weak growth or recession: Through productivity or employment?

When growth slows or becomes negative, there are two possible adjustment mechanisms: a slowdown or decline in labour productivity, or a slowdown or decline in employment (the employment rate). We look at which of these two possible mechanisms dominates in the euro zone, and whether the mechanism for adjusting to a slowdown or decline in growth has changed over time.
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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