Report
The two faces of the German economy
The German economy has weakened much more than the rest of the eurozone in recent quarters. There are two reasons for this: the weight of industry is predominant and openness to trade is particularly high. What was an advantage with dynamic global demand and smooth trade becomes a handicap when global growth slows and trade friction increases. What strikes us today is the dual nature of the economy: industry is in crisis when the rest of the economy is doing (relatively) well. In...
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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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