The publication of the figures regarding 2023 growth and the forecasts for 2024 shows the growing gap which has been established between Europe and the Unites States. On the other side of the Atlantic growth has been 2.5% in 2023 and it is forecasted 2.7% in 2024. Inside the eurozone, it has been 0.5% in 2023. A figure inferior to 1% is forecasted for 2024. The U.S. have a full employment situation and financial markets are worrying at each publication of the jobs creation about the consequences that would have on wages and so on prices ...

Continue reading

The nuclear power production has successively been, in France, a model of its national proudness and its economic success, a threat on environment and, at last, after decades of criticism and hesitations, an essential contribution to the recovery of its financial balances and its fight against climate warming. The country, finally, has renounced to what was one of its habits: to denigrate everything which is well working before complaining about everything which does not provide satisfaction to it.

It must have been the invasion of Ukraine by Russia, the sanctions against the country natural gas exports and the consequences of ...

Continue reading

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 ...

Continue reading