Report
Eurozone growth running out of steam
The economic outlook for the eurozone deteriorated over the summer. The gloom is no longer exclusively confined to Germany and the manufacturing sector but now also extends to other countries and sectors. The bank lending tap has been closed for more than six months, portending a sharp correction in investment spending. To date, the labour market has held up well but some cracks are now emerging. Disinflation is not yet advanced enough to restore purchasing power (we will have to...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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