Covid-19 in the US
In the United States, the number of Covid-19 infected is increasing at an exponential rate. It almost doubled in 4 days, going from 65,778 on March 25 to 121,478 the…
Philippe Waechter's blog
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…
Covid19 epidemic and the challenge of economic policy
The current epidemic crisis is the result of a massive health crisis that would have disastrous consequences without state intervention, and governments’ role here is to curb the extent of…
Germany 1923 versus World 2021
What can happen if the scenario underlying all the economic policy measures to face the epidemic shock is not the right one? What could happen if the health crisis continues?Risk…
The ECB is committed for 750 billion against the epidemic.
The ECB puts itself in front of the States which will sharply increase their public deficit in order to fight the epidemic. The program will thus reduce financial fragmentation and…
Chinese growth has disappeared
The collapse of industrial production foreshadows what the future figures could be in the Euro zone. The collapse of Chinese industrial production is spectacular. The figures were expected to decline…
Again , the Federal Reserve slashes its interest rate
The risk associated with coronavirus has provoked the state of emergency declared by the White House, forcing the Fed to collapse its intervention rate. The fiscal policy will have to…
The perverse equation of an epidemic for growth
Growth is doomed until uncertainty about the magnitude, duration and contagion of the epidemic is reduced. The responses, although rational, accentuate the risk of recession. Economic growth will frankly slow…