Report
It will be vital for OECD countries to identify productivity-enhancing public investments
It cannot be assumed that long-term interest rates are going to remain forever very low in OECD countries: Inflation could re turn (if labour market rules change); The need may arise to correct financial imbalances (real estate bubble s , problems for life insurers). If higher long-term interest rates are a possibility in the OECD, then, given public debt ratios, another possibility is that some countries may become insolvent in the future. The only economic policy to avert such a crisis is one of public investment focused on investments that increase productivity gains and potential growth.
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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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