Report
What accounts for the growth differential between the eurozone and the United States in 2021?
US g rowth has been revised upwards by a number of forecasters and international institutions, most recently the OECD. In contrast , activity in the Eurozone seems to be receding. Several factors related to the evolution of the pandemic, the economic and public health measures to contain the virus and finally differences in the policy mix will lead the growth gap between the two regions to widen in 2021 before a normalisation is expected in 2022.
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Natixis
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Jesus Castillo
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