The systematic criticism of French successes is unjustified and must be denounced. But this should not prevent us from making a judgement on the current situation, on the mistakes made so far and the risks they represent. The publication of the first estimate of growth in the 1st quarter provides an opportunity to do so. With an increase of 0.1% after a drop of the same amount in the previous quarter, the French economy has been stagnating for six months, but this analysis is misleading.
This modest increase in GDP comes from an increase in inventories held by companies ...