After the French president set the course of his action for the next five years and the Prime minister presented to the Parliament the main thrust of his economic policy, two questions need an answer: on which trend the French economy is today? Are considered actions appropriate to cope with the challenges the French economy is confronted?

During the 1^st quarter, growth estimation has been revised upward twice, from 0.3% to 0.5%. But in the INSEE calculus, the key element, volatile by definition, was the constitution of high inventories which hardly offset the negative contribution of foreign ...

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The last published figures, and especially the high level of job creations during the 1st quarter, give a positive image of France which contrasts with many years of doubts and critics. The growth trend is now in the European average, even if it is not strong enough to generate a significant reduction of unemployment and several sectors, like for instance home building, are enjoying a significant turnaround. Emmanuel Macron election and the huge majority his government will get at the national Assembly, even if his economic program is not precisely known, appeared as very positive factors to the international community ...

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The recent evolution of the parity between the two major international currencies, the dollar and the euro, is full of lessons and will not be without consequences on the French economy. The euro remained stable against the dollar during almost two years, if we exclude a short period of doubt in November 2015. It fluctuated between 1.10 and 1.15. American elections approaching and the narrowing of the gap between the democrat candidate and Donald Trump generated a rise of the dollar. It reached 1.05$ against the euro, its highest level for 20 years, shortly after the election ...

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