Archives June 2026

The downward revisions to French growth in 2026 by INSEE (0.7%) and the Banque de France (0.5%) are justified by the deterioration in the international environment since the outbreak of the war in the Middle East. The rise in oil prices has weighed on household purchasing power and corporate margins. Uncertainties about the world economy have prompted economic agents to be more cautious and therefore to reduce spending and recruitment. The lull after the conclusion of a program of talks between the United States and Iran has allowed oil prices to fall but has not removed concerns.

These ...

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The European Central Bank's decision to raise its base rates by 25 points has drawn a lot of criticism. It justified it by the persistence of an inflation level above 3% in the euro zone, well above the 2% threshold that it has set itself as a target, in accordance with its status. But this inflation comes in a context of economic stagnation and not at a time when excess demand in Europe is at the origin of price increases.

A debate of the same intensity exists on the other side of the Atlantic, but in a completely different ...

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The wonder of the United States is not waning. The New York stock exchanges continue to break records with some companies having valuations exceeding a trillion dollars, which has never been seen before. By way of comparison, the Paris-listed company with the largest capitalization, LVMH, (240 billion euros) barely exceeds a quarter of the value of the big stars of Wall Street. The new stars, supported by artificial intelligence and their suppliers, the semiconductor manufacturers, have dethroned the Internet giants. The exceptional success of business leaders like Elon Musk in electric vehicles and now in the space industry or Jeff ...

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