Natixis’ Artus discusses the eurozone’s low inflation in IFR

As inflation levels across the eurozone adjust to the decline in the region’s activity, Patrick Artus, chief economist at Natixis, explains why low inflation should not be feared. In the article he outlines the positive effects of low inflation – such as improving competitiveness, shoring up real wages, and stimulating demand. These are interesting points to consider when – for other economies – very low inflation (and potential deflation) is usually considered extremely dangerous.

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