Business Cycle in France and in Germany
The form of the recovery is identical in France and Germany if we follow the activity indices published by Insee in France and Cesifo in GermanyThe magnitude of the break was similar and the…
Philippe Waechter's blog
How, for the USA, to find a balanced momentum after such a shock?
The drop in activity in the United States is out of all proportion compared to the recessions of the past. A return to normal, to the dynamics before the health…
Limited rebound in the Chinese activity
The activity does not contract any more in March but the rebound appears limited and without ripple effect. Chinese activity indices rebounded in March. The manufacturing sector index went from…
The biggest break in the American economy?
Are the United States facing the biggest break in activity in their history?This may be the story told by the number of weekly jobless claims.It is linked to the number…
The French economy hit hard by the epidemic
The French economy is operating at 65% of its capacities at the end of March. INSEE shows the importance of a containment of limited duration INSEE published the note we…
French GDP shrinking in the last quarter
Activity contracted during the last 3 months of 2019. Growth for 2020 promises to be more difficult.It will be less than 1% after 1.2% in 2019. French growth was negative…
A robust French Economy despite the strike
The Markit survey for France does not suggest in December an inflection that can be linked to the social movement. The economy’s capacity to adapt is stronger than we imagine…
What to expect this week? November 18 to 24, 2019
HighlightsMinutes of the last Fed’s meeting (Nov. 20) and of the last ECB’s meeting (Nov.21)The Fed’s minutes will reveal the discussions on the drop of the Fed’s benchmark rate but…