Since the beginning of May, the State has issued bonds for a record amount, 34.4 billion, through two Treasury Bonds issues, which brought as a total 21.6 billion carrying a -0.5% negative interest rate and 13.8 billion through mid and long term maturities bonds, an amount to which must be added an emission premium for an amount of 1.4 billion, generated by a 4% 2060 Bond. During the same period in 2019, with the same number of issues, the State got a one and half lower amount, i.e. around 20 billion. The huge expenses ...

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INSEE has just published, along with its first estimation of the GDP evolution during the 1^st quarter, figures of household goods consumption in March and inflation in April. These figures are important because they allow making a first analysis of the economic agents reaction to the lockdown measures adopted since March 16^th. GDP has fallen by 5.8% compared to the previous quarter and household goods consumption by 17% compared to March 2019. Inflation, month on month, has been 0.1%, i.e. on one year 0.4%.

The GDP fall is especially alarming that it comes after ...

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The economic consequences of the corona virus outbreak have an exceptional extent. In France, the first results of the Banque de France inquiries provide an estimation of the GDP fall during the 1^st quarter of 6%. The government is forecasting for the full year a recession with the same magnitude. Support measures in favor of enterprises and the increasing of health and unemployment compensation expenditures could generate a public deficit above 7% and public debt could overpass at the end of the year 120% of GDP under the cumulative effect of the contraction of the denominator and the increase ...

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