Natixis - Stimuler la demande est de moins en moins efficace

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Natixis

Patrick Artus

Stimuler la demande est de moins en moins efficace

On observe aux États-Unis et dans la zone euro que, lorsqu’il y a stimulation de la demande : il y a une très forte progression des importations ; il y a très rapidement de fortes difficultés d’embauche des entreprises (ce qui révèle les problèmes de compétences) ; il y a rapidement une hausse importante des prix des matières premières si les différentes régions soutiennent en même temps la demande ; une partie de la distribution de transferts publics aux ménages est épargnée. Toutes ces réactions à une stimulation de la demande montrent qu’elle est devenue peu efficace pour soutenir l’activité.

05/08/2021 7 FR

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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.

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Analysts

Patrick Artus

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Stimuler la demande est de moins en moins efficace

How is China reacting to Trump’s trade war?

BoE approved a 25bp rate cut with a 5-4 vote; two members dissented, favoring no change

Australia: The Labor Party remains and, with it, stimulative economic policies keeping RBA vigilant

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