In January, the business situation is robust in the Eurozone
The Markit index for the entire economy of the Euro zone dipped in January 2022. It stood at 52.4, losing almost one point compared to December. Economic activity continues to…
Philippe Waechter's blog
Activity is running out of steam in Europe, the 5th wave is the explanation
The uncertainty linked to the new variant of the Covid weighs on economic activity in December.All the survey indicators for the month are deteriorating. This is particularly the case for…
From Yesterday to Today – November 3 – France, its Public Deficit and the fragility of the Euro Area
The IMF suggests that France should revive its economy but also should plan a strategy to rebalance its public finances as soon as activity picks up. Its fear is a…
From Yesterday to Today – October 30 – Spectacular rebound in growth while awaiting containment
The GDP in France and in the Eurozone countries has clearly improved over the three Summer months. Nevertheless, the level of activity remains a little below 4% of the 2019…
From Yesterday to Today – October 29 – What impact would the November lockdown have on activity in France?
With a conservative assumption on the impact of containment of -6% in the last quarter, GDP would contract -10.8% in 2020 and grow by + 3.5% in 2021. Convergence towards 2019 GDP would take place around 2026/2027
INSEE is confident on the French economic profile.
INSEE forecasts a GDP contraction of -9% in 2020, which would be consistent with the convergence to the 2019 GDP level as soon as 2022. This is the hypothesis I…
Job market momentum and unemployment trends in France during the health crisis
Momentum on the labor market in France warrants greater consideration as it can appear counter-intuitive at first glance. The unemployment rate stood at 7% in the second quarter of 2020,…
What trajectory for the French economy?
The French government expects activity to contract by -11% in 2020. This assumes rapid convergence of the economy towards 100% of its pre-crisis capacities. In this case, the crisis would…