Archives Jan. 1, 2024

INSEE has just published its first estimation of the French growth during the 3^rd quarter (0.4%), which would allow to hope, for the full year, a figure slightly above 1%. But the satisfaction expressed by the commentators is not justified. Once removed the positive but temporary impact of the Olympic Games, household consumption has stagnated. The enterprises investment and the new homes construction are significantly reducing. The slightly positive contribution of the foreign trade comes only from a reduction of the energy balance. France has even a trade deficit for agricultural goods and the situation is not improving ...

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The last European Parliament elections have been disappointing and not only because their result in France has been followed by snap elections for the National Assembly and a vote which has opened a period of political uncertainness. Once elected, the European members of the Parliament gathered to form parliamentary groups. Their members belong, each one in his country, to a party. We so would have expected that these parties had worked together to elaborate a program and to present it to the electors. It is the essence of the democracy. Nothing like that happened.

In France, the electoral campaign was ...

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The publication by INSEE of the inflation in France in September has surprised. Prices have fallen by 1,2% from August (0.6% after correction of seasonal bias) and year-on-year they have only increased by 1.1%. United Kingdom also had a reduction year-on-year (1.7%) as the eurozone (1.7%). The prices increase in the United States remained a little under 2% when in China, to the opposite, it fell back year-on-year to 0.4%. In Europe, everything happened as if after the sharp increases in 2022 and 2023 with a 10% peak, an equivalent level was recovered to ...

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