- "Many analyses focuses on the public finance situation, the unemployment level and the real estate market situation. But in our opinion, in the United States and the euro zone, the most significant and worrying trend is the decline in the weight of industry in the economy."
- "Now, this implies:
• a fall in average job skills and wages;
• a slowdown in productivity gains and long-term growth, hence, in addition, greater difficulty in reducing public and private debt ratios;
• greater balance of trade problems and greater dependence on emerging markets."
Natixis Flash Economics 350 20100706
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