Report
Is the current growth gap between Germany and France permanent or temporary?
In 2019 there is a significant growth gap between France and Germany in favour of France. We seek to determine whether this will become a permanent feature. This growth gap may be: Temporary, if it is a result of different fiscal policy guidelines; Permanent, if it is a result of structural characteristics of the economy: weight of "old" industries and exports, competitiveness, savings rates, profitability. We see that it is the permanent causes that dominate.
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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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