The question of the social model in France – Social VAT
The level of social spending is subject to only marginal reforms since the objective is to curb its progression rather than to reverse the trend, which is probably not sustainable…
Philippe Waechter's blog
The question of the social model in France
The continued deterioration of public finances raises the question of financing the social model. As a reminder, social spending represented 1% of GDP in 1938, 15% in 1960, 25% in…
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
From Yesterday to Today – October 27 – Why Growth ?
After the shock of last spring, growth figures should be very strong in the third quarter. They will be published Thursday and Friday for many developed countries. This is an…