Report
Patrick Artus

Why is the growth outlook currently better in the United States than in the euro zone?

The growth outlook is currently significantly better in the United States than in the euro zone, while the unemployment rate is close to the structural unemployment rate in both countries /regions . What explains the United States’ superior growth outlook? It is not due to monetary policy, real wage growth or exports. Possible explanation s are that: Potential growth is higher in the United States than in the euro zone; The United States’ highly expansionary fiscal policy prevents growth from falling below potential growth; There is a particularly severe crisis in the euro zone’s automotive sector.
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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