Report
Why has the 2008-2009 crisis had such large negative residual effects in France?
When we compare France with the United States or Germany, we see that the 2008-2009 crisis has had highly negative residual effects in France (the crisis led to large hysteresis effects in France relative to the other countries). In France, we see that: Structural unemployment is much higher than before the crisis; Deindustrialisation has been rapid since the crisis; Corporate modernisation has lagged considerably since the crisis. The extent of the negative residual effects of the 2008-2009 crisis in France can probably be explained by: The increase in competition between countries due to the crisis, in particular the weakening of demand for manufactured products; Which makes it much more disadvantageous than before the crisis to have low labour force skills, high production costs and high skilled and non-skilled labour costs.
Provider
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
Other Reports from Natixis
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.