INSEE has just published its first estimation of the French growth during the 3^rd quarter (0.4%), which would allow to hope, for the full year, a figure slightly above 1%. But the satisfaction expressed by the commentators is not justified. Once removed the positive but temporary impact of the Olympic Games, household consumption has stagnated. The enterprises investment and the new homes construction are significantly reducing. The slightly positive contribution of the foreign trade comes only from a reduction of the energy balance. France has even a trade deficit for agricultural goods and the situation is not improving ...

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The publication by INSEE of the inflation in France in September has surprised. Prices have fallen by 1,2% from August (0.6% after correction of seasonal bias) and year-on-year they have only increased by 1.1%. United Kingdom also had a reduction year-on-year (1.7%) as the eurozone (1.7%). The prices increase in the United States remained a little under 2% when in China, to the opposite, it fell back year-on-year to 0.4%. In Europe, everything happened as if after the sharp increases in 2022 and 2023 with a 10% peak, an equivalent level was recovered to ...

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After near two months of uncertainties, the new French government will have to elaborate an economic policy able to answer to the difficulties with which the country is confronted: low growth, persisting unemployment, trade deficit and heavy public indebtedness. The alarming messages dedicated to make accepted by public opinion unavoidable unpopular measures are contrasting with the self-satisfaction talks of the previous government. The results of the last two elections have shown that the message had not convinced. The government so will have to identify the causes of this situation and to propose appropriated remedies.

The trade deficit is growing for ...

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