Report
Two versions of the stagnation of productivity in the euro zone
In the recent period, labour productivity has not been growing at all in the euro zone. This could be due to: A short-term stagnation of productivity due to strong creation of low-skilled jobs, which is then a positive development; A lasting stagnation of productivity due to a low level of corporate modernisation, which is then a negative development. Both mechanisms are probably at work in the euro zone.
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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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