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AB 2000 studies

Alain Boublil Blog

   

France

The cost of labor

For more than ten years, France's economic policy has been focused on restoring the competitiveness of companies and on reindustrialisation. If growth is to be achieved sufficiently to reduce unemployment significantly and sustainably, both objectives must be achieved. But the results so far have not been in line with expectations. Growth has never exceeded 2% for two years in a row, unemployment has been slowly reduced but has just started to rise again and France's unemployment rate remains one of the highest of the major developed economies. Finally, the external deficit in goods excluding energy is still high ...

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-0,1% : The French growth during 2024 4th quarter

The publication of the 1st estimate of the growth of the French economy in the 4th quarter comes after several other very unfavourable indicators have been made public: a sharp rise in unemployment over the same period, the persistence of a trade deficit over the last twelve months close to 90 billion euros, the continued fall in housing starts (30% in two years) all in a context of accumulation of public deficits and record debt. The only good news concerns inflation: it rose to 1.4% in January over one year and makes France one of the best pupils in ...

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The psychodrama of the French public deficits

At a time when the new French government is looking for measures to redress the public accounts, the publication of job creation figures in the United States (256,000) well above what was expected (190,000) has caused a rise in long-term interest rates that has had an impact on Europe. With growth and inflation both above 2% and near full employment, since the unemployment rate is close to 4%, the Federal Reserve has little reason to lower its key rates in 2025. Four reductions of 0.25% were previously expected. Only one drop is now likely but in reality ...

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