The publication of Stellantis financial results with a net profit of 16.8 billion euros must not lead to the conclusion that the car industry has rebounded, has surmounted the past difficulties and will not be confronted in the future with new crisis. Anyway, Renault is far from having accomplished the same achievement because its net profit, before deduction of the two billion euros loss resulting from its exit from Russia, has only reached 1.6 billion. The sector, everywhere in the world, has suffered two successive crisis. The lockdown has dissuaded household from going to buy a vehicle because ...

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Except if there are, as during these last three years, major events, by nature unforeseeable, hurting the world economy, we would not know in 2023 a heavy recession. But the crisis will leave lasting traces which will affect the action of the public authorities and the behaviors of the economic agents. The world is coming into a new era. That already had occurred in the past, in the days following the Second World War with a long growth period and after the Berlin Wall fall, which had marked the end of the Cold War, with the emergence of the globalization ...

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Forecasting is a difficult art. Yet, in economy, it is one of the main centers of interest. But the exercise is a little distorted. An optimism excess may incite the economic agents to take decisions whose consequences would be heavy if the expectations are not fulfilled. To the opposite, good surprises quickly make forgotten the pessimistic statements and the credibility of their authors are not affected by that. 2022, as the two previous years, has known an unprecedent succession of events since the second world war having heavy economic repercussions. They were, due to their nature, impossible to predict as ...

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