>FLASH ECONOMICS (ECONOMIC RESEARCH)

What will the world look like after the crisis?

We believe that the crisis may have changed the functioning of the global economy structurally in several ways, but some points remain uncertain:

− the role and regulation of finance: are we heading towards a financial sector devoting itself mainly to medium-term financing of growth?

− the use of savings: will it become more efficient? (financing of useful investment in the United States, financing of emerging countries);

− location of activities and growth: Can Asia replace the United States as the global growth engine?

− where will new jobs be created in advanced OECD countries? Probably not in "old industry" that will be offshored even more or depends on credit. Is green growth ("green business") really an interesting approach, and is its size sufficient?

− will consumers behave differently? Will they abandon the model of high, credit-driven consumption?

To see full report: FLASH ECONOMICS