According to the latest “monthly report” published by INSEE, the rate growth of French economy should be 0.3% per quarter, during the first semester 2015.
This news has been hailed, for once, by the business press that sees here the beginning of an upturn and by the French government that justifies thereby the forecast sent to Brussels in order to defend its policy and the gradual return of France’s public deficit below 3%. However, this analysis of the situation is not convincing. First, this figure relies on tiny changes, a few thousandths of GDP. No statistical system is ...