Archives Jan. 1, 2024

The reports and the comments are plentiful after France poor economic results. The followed trend for twenty years is worrying due to a continuous and significant downgrade of the main economic indicators. After two decades shown by growth, an inflation reduction, the necessary industrial restructurings along with some mastery regarding public finances (the public debt in 2002 reached only 60% of the GDP) which had allowed France to come in the euro zone, the situation has not stopped to deteriorate: trade deficit and record public indebtedness, low growth and unemployment staying at a high level and a worrying de-industrialization. All ...

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The large Donald Trump victory, at variance with the poll opinions which had estimated that the result will be very narrow, and the creation of a Republican majority in the Senate have allowed to give a real visibility to the prospects of the American economy for the coming years. In Europe, to the contrary, when the worries about growth were becoming worse, Germany, after France, was entering into an uncertainness period after the breaking off of the coalition which is governing the country and the call for snap elections at the Bundestag. If nothing is done, the spread already observed ...

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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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