Report
Let us focus on the euro zone’s real problems
The "trade war" between the United States and China should not be blamed for the euro zone’s current economic problems . Let us therefore look at its real problems: The low level of potential growth, which has not been corrected, caused by low productivity gains and by population ageing; Specific problems in manufacturing industry , due to the contraction of "industries of the past" (automotive, chemicals, capital goods) and the slowdown in global trade (which is not caused by the trade war, but primarily by the weakness of domestic demand in China); Low labour force skills in many countries (France, Spain, Italy), which is hampering modernisation and technological progress.
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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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