02. MACROECONOMICS & STRATEGY
Growth dependent on the savings rate and productivity
Household saving rate (as % of disposable income)
Labour productivity (base 100 at 31/12/2019)
Chart Title
Chart Title
109
25
107
105
20
103
101
15
99
97
95
10
93
91
5
89
87
0
85
2016 2017 2018 2019 2020 2021 2022 2023 2024
2019 2020
2021 2022
2023 2024
Italie
Allemagne
France
Zone euro
États-Unis
Zone euro
États-Unis
France
Public
Sources: Macrobond, Rothschild & Co Asset Management – 12/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.
51
Made with FlippingBook Learn more on our blog