Two major issues are at the heart of the political debate in France: purchasing power and pensions. The economic and political tensions for two years have generated a sharp increase of the fossil fuels prices, sending us forty years back at the time of the two oil shocks. The sanitary crisis has perturbated industrial products and spare pieces supply chains and the situation has been made worse with its rebound in China, which, there too, has generated pressures on prices. The invasion of Ukraine by Russia has, at last, created major uncertainties  regarding the supply of cereals, which will weight ...

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Globalization is dead. Vive la globalization ! The economic and political crisis to which the world is confronted today with the lasting consequences of the Covid-19 pandemic and of the invasion of Ukraine by Russia shows the end of the globalization as it was known during these last decades. The occurred breaks are hurting much more heavily the economic situation of the countries than these caused by the oil shocks in the Seventies, the reforms in China during the Eighties and the Soviet Union collapse at the beginning of the Nineties. Economies had progressively been able to adapt themselves to these ...

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The publication by INSEE of its first estimation of the French growth during the 1^st quarter has surprised and disappointed. GDP has stagnated. During the same time inflation reached year on year 4.8% and it was not needed more for the spectre of stagflation to be reminded, the worst situation an economy can know with, in the same time inflation and the growth stoppage, which frequently constitutes the preliminary signal of a recession. These worries are yet excessive and the figures are less alarming than they look like because this stagnation occurs after a strong rebound in 2021 ...

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