Report
Patrick Artus

The absolute need to increase productivity gains in OECD countries

If productivity gains in OECD countries do not increase and remain as low as they are currently: Population ageing will impoverish the population; Debt ratios (public and private) will not be able to be reduced, fiscal policy will have to become restrictive and the private sector will have to reduce its spending; The current high level of asset prices will no longer be able to be justified by the expectation of higher growth. Could productivity gains rise in OECD countries? The answer is yes: Working from home seems to increase productivity; Public spending on healthcare, education and R&D seems to be (positively) correlated with productivity gains, and countries want to increase this spending; An improvement in labour force skills, which is also becoming a key economic policy objective, would also boost productivity gains.
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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