Report
What are the possible sources of growth in the United States and the euro zone today?
We look at the sources of growth today in the United States and the euro zone: Productivity gains have become very low, particularly in the euro zone. If artificial intelligence generates a rebound in productivity, it will not be in the short term; The working-age population is declining in the euro zone and growing only slowly in the United States; The employment rate has risen sharply and the unemployment rate is very low; the rise in the employment rate will probably be much slower than in the past. All in all, until the end of the 2020s, if there is no rebound in productivity, we should not expect growth to exceed an average of 0.9% a year in the United States and -0.1% a year 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.
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