Archives Jan. 1, 2020

The update of the French GDP evolution during the 2020 1^st quarter, to which INSEE has just achieved wouldn’t lead into mistakes. The first estimation did show a GDP fall by 5.8%. The new one gives a 5.3% reduction. The gap between the two publications is much larger than what we usually see; i.e. rarely more than one or two deciles. But it reveals more the difficulties to grasp the figures of an event without any precedent than a less serious admission of the consequences of the corona virus outbreak on the French economy. In ...

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The huge damages caused by the corona virus outbreak on the French production plants as becoming aware of the risks generated by the foreign dependence on essential supplies have driven to the resurgence of a concept some believed it was forgotten or inefficient, the industrial policy. It had its glorious time during the Sixties, when trade borders were starting to be opened and during the Eighties when were revealed the weaknesses of the national production plant.

The neo-liberal turnaround in the Nineties in Europe as in the U.S. had made the concept put among the ideas and the practices ...

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Since the beginning of May, the State has issued bonds for a record amount, 34.4 billion, through two Treasury Bonds issues, which brought as a total 21.6 billion carrying a -0.5% negative interest rate and 13.8 billion through mid and long term maturities bonds, an amount to which must be added an emission premium for an amount of 1.4 billion, generated by a 4% 2060 Bond. During the same period in 2019, with the same number of issues, the State got a one and half lower amount, i.e. around 20 billion. The huge expenses ...

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