In an increasingly fragmented and unstable international environment, China appears to be a pillar of growth in the world economy. The 5% increase in GDP over one year in the 1st quarter shows that, unlike the main developed countries, the country has not yet been affected by the consequences of the war in the Middle East. Uncertainties about fossil fuel supplies, with the resulting sharp price increases, as well as disruptions to maritime traffic, have not resulted in a significant rebound in inflation or threats to production chains.

The rate of 5% is identical to that published for the year ...

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The announcement by the rating agency Moody's that France AA will be maintained with a negative outlook is a refutation of the catastrophist discourse widely spread in the political world and in the media. AA is one of the best ratings in the euro area, but the negative outlook is justified by the lack of clarification on the 2026 and 2027 budgets, with the risk of a return to the same political instability that followed the dissolution of the National Assembly in 2024. It is this instability and not the situation of public finances that was at the origin ...

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On se souvient de la phrase du Général de Gaulle, en réalité empruntée à Stephan Zweig : le Brésil est un pays d’avenir et il le restera. Ils faisaient l’un et l’autre allusion à la grande capacité créatrice du pays avec ses écrivains et ses musiciens, célèbres dans le monde entier ou ses architectes mais aussi à ses piètres performances économiques, marquées par la multiplication des crises monétaires et l’instabilité politique qui en résultait. Aux périodes de forte mais brève croissance se sont succédées ...

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