Report
The downturn for mercantilist countries
“Mercantilist†countries are those that have based their growth model on increasing exports and market share gains in global trade and global production. Germany, Japan and China are examples of such countries. These countries now face a sharp economic downturn due to: The return from global value chains to regional value chains; The cyclical and structural decline in global demand for industrial products. This now calls for pessimism over “mercantilist†countries.
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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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