- "When taking into account various factors (deleveraging, slowdown in wages, continued job losses, reduction in fiscal deficits and rise in household savings, we should expect a low nominal growth in 2011 and 2012 in the euro zone, perhaps around 2%."
- "While the financial markets seem to expect the slowdown in real growth, the same is not entirely true for inflation. We therefore believe this should lead to an additional flattening in the euro-zone yield (swap) curve."
Natixis Special Report 20100623
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