U.S.A.lisabeth Borne will need all her experience at the Ministry of Labor to navigate the troubled waters of the French economy. As his government team settles in, “the clouds over French growth, growing blacker and blacker, are getting bigger at a glance”, alerts the deputy director of the analysis and forecasting department of the OFCE, Mathieu Plane. The war in Ukraine began to bite seriously: in the first quarter, activity was already at a standstill. It suffered from the Omicron wave and the rise in energy prices, after the spectacular rebound of 7% in 2021, which followed the plunge of 8% in 2020 due to lockdowns to stem the health crisis. In the second quarter, Insee forecasts an almost flat activity (+ 0.25%).
A situation that…
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