Archives Jan. 1, 2020

The Year of the Rat was looking promising for the Chinese economy at the Lunar New Year vacations Eve. When European and American economies were running out of steam, a first step in the conclusion of a trade agreement with the United States had been cleared and the risks of a tensions worsening were passing. 2019 growth  had over passed 6% and that was a result that would have made the whole world envious. December figures were even showing an accelerating trend. The sanitary catastrophe which occurred in January, when according to the tradition hundreds of millions of Chinese are ...

Continue reading

The economic consequences of the corona virus outbreak have an exceptional extent. In France, the first results of the Banque de France inquiries provide an estimation of the GDP fall during the 1^st quarter of 6%. The government is forecasting for the full year a recession with the same magnitude. Support measures in favor of enterprises and the increasing of health and unemployment compensation expenditures could generate a public deficit above 7% and public debt could overpass at the end of the year 120% of GDP under the cumulative effect of the contraction of the denominator and the increase ...

Continue reading

When we are facing such a crisis, we need to find a responsible and even a guilty. Globalization looks like the favorite and it is not going to be without effects on “the days after”. The outbreak, as we can know it, was born in China, in one of the country industrial capitals, Wuhan, frequently nicknamed as the “Chinese Detroit”, so developed is its car industry. The outbreak, as also without being sure of it, expanded in Northern Italy and in Alsace because people, coming from the contaminated area, passed on the virus. Always through the mtrips of infected persons ...

Continue reading