Archives May 2026

The succession of bad figures concerning the French economy since the beginning of the year, zero growth, inflation above 2%, unemployment on the rise with a rate back above 8%, trade deficit that is not being reduced and finally public deficits and debt at worrying levels, has not given rise to sufficient reflection to identify the causes and suggest solutions. This is all the more disappointing given that major elections will now be less than a year away.

The discourse boils down to transferring the reasons for these obvious failures to others, those that preceded it (everything began to go ...

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Since the liberalization of trade and the internationalization of financial markets, central banks have become major players in the choice and implementation of economic policy. They have different missions and statuses depending on the country or continent. Of all, it is the European Central Bank (ECB) that has the greatest freedom of action, thanks to its independence enshrined in its founding treaty and the definition of its mission in its statute, to reduce and maintain inflation in the euro zone to a level below but close to 2%. It can then act to support growth and employment.

The US Federal ...

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INSEE has just published its first estimate of the growth figures of the French economy in the 1st quarter of 2026, i.e. 0%. Comments about this stagnation do not seem to have understood the nature of the problem. Just because we went from +0.2% in the 4th quarter of 2025 to 0% does not mean that there is a new fact. The imprecision of the numbers after the decimal point should be taken into account. Secondly, a comparison is made between the crisis in the Middle East and the results of the 1st quarter. In reality, this very ...

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