Natixis - What threats could keep the euro-zone from enjoying strong growth?

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Natixis

Jean-François Robin ...

Patrick Artus

What threats could keep the euro-zone from enjoying strong growth?

The mechanisms that should bring strong growth to the euro zone in the second half of 2021 and in 2022 are well known: The end of health restrictions; Consumption of part of the accumulated savings; Positive wealth effects on demand; An upturn in corporate investment thanks to the improvement in earnings; Rapid growth in global trade; The persistently expansionary fiscal policy and very low interest rates. What are the threats to this strong recovery scenario? A fresh COVID wave; A significant continuation of the rise in the price of oil (and other commodities) due to the rapid growth in global demand; A reaction of long-term interest rates to US inflation.

23/06/2021 8 EN

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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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Analysts

Jean-François Robin

Patrick Artus

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What threats could keep the euro-zone from enjoying strong growth?

How is China reacting to Trump’s trade war?

BoE approved a 25bp rate cut with a 5-4 vote; two members dissented, favoring no change

Australia: The Labor Party remains and, with it, stimulative economic policies keeping RBA vigilant

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