Report
There are reasons to be concerned about the medium-term outlook for the large euro-zone countries
Currently, all the four largest euro-zone countries show weaknesses that may worsen their economic situation markedly in the medium term: Germany is negatively affected by the very high weight of "industries of the past" and by the deterioration in cost competitiveness and the lack of productivity gains; Italy is suffering from stagnant productivity gains and weak corporate modernisation; Spain currently has declining productivity and negative potential growth; France is negatively affected by a very low level of corporate modernisation combined with high labour costs.
Provider
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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