Report
Patrick Artus

Which countries can weather the contraction in global demand for, and production of, industrial products?

The global economy is being transform ed into a service economy, with a marked weakening of demand for and production of industrial products. A country can weather this contraction in industrial production if: Its cost competitiveness is strong; It produces industrial products "of the future" (aeronautics-space, pharmaceuticals, electronics, renewable energies, etc.) and not of the past (cars, chemicals, industrial capital goods). We see that currently, the following countries are weathering the contraction in industrial production: Among OECD countries: Canada, Spain, Austria, Belgium, Switzerland; Among emerging countries: Turkey, CEEC (Central Europe), India, China, Asian emerging countries excluding China and India.
Provider
Natixis
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.

 

Analysts
Patrick Artus

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