Poor figures for the French economy
By 2023, the public deficit will have risen to 5.5% of GDP, and public debt to 110.6% of GDP, according to INSEE. This slippage is an embarrassment for the government.
Finance
France on the brink of explosion
With less than 5 months to go before the European elections (June 9) and the Olympic Games (July 26-August 11), all the indicators are red: debt, recession, unemployment. The social climate is stormy. The political atmosphere is unbreathable. Can we still avoid a social explosion?
Wind turbines : The strange accounts of a Luxembourg holding company
The anti-corruption association AC!! has just made a report to the Autorité des Marchés Financiers (French Financial Markets Authority) concerning wind-powered electricity companies whose director is the number 2 of a Crédit Mutuel subsidiary.
France on the brink of economic crisis? Marc Touati’s view
What state will Elisabeth Borne’s successor at Matignon find the French economy in? Far from the “all’s well” of Economy Minister Bruno Le Maire, all indicators are bright red. Marc Touati, economist, provides an overview.
How has the Russian economy held up under sanctions since February 2022? (1/2)
The 65ᵉ session of the Franco-Russian seminar co-organized by the Centre d’Études des Modes d’Industrialisation of the École de Guerre Économique (Paris) and the Institute of Economic Forecasting of the Russian Academy of Sciences (Moscow) was held in Paris from July 3 to 5, 2023. Jacques Sapir, a well-known journalist and economist, gives an edifying account of the event, published on the “Les crises” website.
An economic and financial hurricane is coming
Viewpoint- The head of America’s largest bank warns of an impending economic “hurricane” caused by an increasingly belligerent Federal Reserve, rising inflationary pressures and the Russian invasion of Ukraine.
Economy : catastrophic figures!
Where is the good economic health of France that we heard so much about during the election campaign? The INSEE figures on inflation and growth are very worrying.
UFC-Que Choisir denounces the dubious practices of an insurance group
The insurance group Indexia (ex-SFAM) has to answer again for misleading commercial practices in court. The consumers’ association helps the victims to assert their rights.
Mckinsey for Dummies….
Viewpoint. The former Secretary of State for the Budget, Christian Eckert, asks questions and, in so doing, sheds light on the use of consulting firms by the Macronie, in particular McKinsey.
Ukraine: The money transfer fee scandal
While the World Bank expects a strong increase in remittances to Ukraine, UFC-Que Choisir is warning financial institutions and public authorities about their “unethically expensive” fees.
Ukraine : The boomerang effect of Russian sanctions
The sanctions imposed on Russia are now turning against those who initiated them. In France, we can expect “an unprecedented price shock” according to Catherine McGregor, head of Engie.
Africa, a continent to conquer
Struck by the global pandemic, the African economy saw its GDP decline by 2.1% in 2020. However, the post-Covid recovery offers good prospects, particularly in construction and real estate.