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Natixis’ Artus in Institutional Investor on why Europe is struggling to achieve endogenous growth

patrickartusWriting for Institutional Investor’s Unconventional Wisdom column, Natixis’ chief economist Patrick Artus examines Europe’s struggles to achieve growth endogenously. Certainly, the eurozone’s economy has shown signs of a pick-up, but if we take a number of extraneous factors – such as oil prices and the depreciating euro – out of the equation, underlying growth in the eurozone is in fact flat.

Indeed, these factors will not last and Europe will soon plunge back into recession if it does not address it’s decline in corporate investment, insufficient labour force skills and productivity, and excessive private saving.

To read the whole article, please click here.

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