Archives Jan. 1, 2024

Next month, the three main notation agencies will give a decision on the France notation, already put by two of them under negative prospect. It is likely that a downgrade occurs at a time when the State financing needs for the current year will reach a record level with 285 billion of mid and long-term bonds to be issued. 2023 public accounts are going to be updated. A GDP 4.9% deficit had been announced but a 5.5% level is now published. Against the announced objectives and the taken commitments, France will have known in 2023 an aggravation of ...

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During 2023 4th quarter, productivity inside European Union has fallen by 1.2% when it had increased in the United States by 2.6%. In France, the government forecasts a very low growth, between 0 and 0.5% until 2027. Per capita, it had only increased between 2010 and 2023 by 5% and had dived between 2019 and 2023 by 6%. Well, the increase of the productivity is a determining factor of growth, of level of life and of enterprises good health. It is that which has been at the heart of the economic revolutions during these last two centuries ...

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At a moment when the National People Congress is meeting, the government has confirmed for this year its growth objective around 5% but has not yet announced special rebounding economic measures, which gives rise to some skepticism among Western observers. They notice that this figure is quite low compared to the growth, frequently above 7%, obtained during the decades before the covid-19 crisis. It will be moreover difficult to reach it because the 5% obtained in 2023 was benefiting from a favorable basis effect due to the end in 2023 of the restrictions occurred to fight against the pandemic.

China ...

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