Oil prices fall
The price of oil is around $60 a barrel, a drop of just over 20% compared to the 2024 average. There are three dimensions to understanding the trend of oil…
Philippe Waechter's blog
The nagging problem of public finances in France
The IMF is skeptical about the French ability to control their public finances. According to April projections, the public deficit would remain close to 6% of GDP until 2030. This…
International trade and the future of the world
Increased trade is a major source of improved economic activity and income. This point was demonstrated by classical economists, then extended to international trade. While the theories have been refined,…
Trump is not yet Mitterrand
In an April 23 editorial, the Wall Street Journal editorial team spoke of a Mitterrand moment in Washington. This may seem mysterious at first glance, since Donald Trump is more…
Three scenarios for tomorrow’s economy
After 100 days in the White House, the contours of Donald Trump’s policy are easier to discern. We can better see the key elements around which the presidential project is…
The global economy with Donald Trump in the White House
The election of Donald Trump marked a profound rupture, redefining global economic balances.Its protectionist policy, inspired by the McKinley era, weakens supply chains and increases international tensions, particularly with China…
China vs. the United States: the terrible showdown
Washington wants to force Beijing, which then retaliates. This is the new rule of the geopolitical game.Three illustrations 1- The choice imposed by Beijing on Chinese airlines to refuse delivery…
2025 vs 2008, which crisis is more serious?
Is the crisis caused by Donald Trump’s economic policy choices, by the unpredictability of announcements, their cancellation or withdrawal, more serious than that of 2008? At that time, the ground…