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For more than ten years, France's economic policy has been focused on restoring the competitiveness of companies and on reindustrialisation. If growth is to be achieved sufficiently to reduce unemployment significantly and sustainably, both objectives must be achieved. But the results so far have not been in line with expectations. Growth has never exceeded 2% for two years in a row, unemployment has been slowly reduced but has just started to rise again and France's unemployment rate remains one of the highest of the major developed economies. Finally, the external deficit in goods excluding energy is still high ...
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The publication of the 1st estimate of the growth of the French economy in the 4th quarter comes after several other very unfavourable indicators have been made public: a sharp rise in unemployment over the same period, the persistence of a trade deficit over the last twelve months close to 90 billion euros, the continued fall in housing starts (30% in two years) all in a context of accumulation of public deficits and record debt. The only good news concerns inflation: it rose to 1.4% in January over one year and makes France one of the best pupils in ...
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The publication of the first estimate of Chinese growth in 2024 reassured the authorities but did not convince Western observers. The figure is first and foremost symbolic since it corresponds to the objective set by the country's authorities. And there was some doubt about whether it would be 4.9 or 5%. Given the margins of error inherent in any statistic, the difference is not significant. But to reach this figure, a clear acceleration in growth was needed in the 4th quarter.
It intervened: in the 3rd quarter, GDP had grown by only 4.6% over one year. Growth ...
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At a time when the new French government is looking for measures to redress the public accounts, the publication of job creation figures in the United States (256,000) well above what was expected (190,000) has caused a rise in long-term interest rates that has had an impact on Europe. With growth and inflation both above 2% and near full employment, since the unemployment rate is close to 4%, the Federal Reserve has little reason to lower its key rates in 2025. Four reductions of 0.25% were previously expected. Only one drop is now likely but in reality ...
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Le nouvel Etat-stratège
Le dernier livre d'Alain Boublil, le nouvel Etat-statège (Editions de l'Archipel) est paru le 5 février 2014.
Le livre apporte les réponses de son auteur à la question qui est, en France, au centre de tous les débats politiques: "Que peut-on attendre de l'Etat aujourd'hui ? " Et il formule plusieurs suggestions sur l'exercice du pouvoir tirées de son expérience passée auprès de François Mitterrand. Observateur de l'économie mondiale comme conseil des nombreuses grandes entreprises qui ont fait appel à lui, il trace un portrait de la France d'aujourd'hui bien moins pessimiste que ce que l'on entend parfois, à condition que chacun fasse preuve de lucidité sur ses propres comportements.
Les exigences ont certes été exacerbées par la crise. Mais y faire face est de plus en plus difficile car l'écart s'est creusé entre les attentes de chacun et la réduction des marges de manoeuvres publiques du fait des règles internationales, de l'endettement et des contraintes environnementales.
En dix chapitres, Alain Boublil dresse un bilan sans complaisances, prend la mesure des possibilités et des limites de l'Etat et il ouvre des voies nouvelles pour l'action publique. Il évoque le sauvetage de l'euro, le fardeau de la dette et le ras-le-bol fiscal, l'Etat-patron de Colbert à Jean-Marie Messier, le retour du complexe vis-à-vis de l'Allemagne et les nouveaux outils de l'Etat-stratège dans la mondialisation face aux défis industriels, aux enjeux de la transition énergétique, à la "dictature du CO2" et à la révolution du gaz de schiste. Et il met en garde contre les dérives de l'Etat-spectacle, qui gènent l'efficacité de l'action publique et les facilités de l'Etat-guichet qui débouchent sur le clientélisme.
La Publication la plus lue
10/02/2025
French version
For more than ten years, France's economic policy has been focused on restoring the competitiveness of companies and on reindustrialisation. If growth is to be achieved sufficiently to reduce unemployment significantly and sustainably, both objectives must be achieved. But the results so far have not been in line with expectations. Growth has never exceeded 2% for two years in ...
Continue reading