2018 has surprised. The 2017 year had come to the end in good conditions. It was “planets alignment” with a very low oil price, interest rates near zero and a favorable global environment. French growth reached its highest level for a long time: during 2017 2nd half, it had been near 3%, on annualized rate. That did not last. International tensions increased all along the year with the promise of a trade war between China and the U.S., an unprecedented hostility of the American president toward Europe and a brutal rebound of oil prices. Inflation was making a ...