>The six possible scenarios for the future (NATIXIS)

One can obtain six possible scenarios for the future (in the United States and Europe) according to:
■ whether one believes in a resurgence of inflation or not;
■ whether one believes that growth will return or not;
■ whether one believes that the monetisation of public debts will continue or not.

We believe that:
■ in the short term (2-3 years), we will rather be in an equilibrium without inflation, without growth and with monetisation;
■ in the long term (5 years and beyond), we will rather be in an equilibrium with inflationary pressures, sluggish growth and without monetisation, and therefore with rising long-term interest rates.

To read the full report: POSSIBLE SCENARIOS