Archives Jan. 1, 2024

We remember this old saying from the Sixties: “when the building trade is doing well, the whole economy is doing well”. We would update it because today building trade is not going well as the whole economy. French figures are overwhelming. Housing permits delivered during these last twelve months at the end of February were 364 800 units, i.e. a 21.8% fall year on year. During the same period, housing starts number (291 100) felt by 24.6%. In 2023, household investment has dropped by 5%, heavily weighting on the GDP growth. Their saving rate remained unchanged but ...

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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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