The "whatever the cost" was supposed to save the French economy.
For months, since the start of the health crisis, the State has injected tens of billions of euros to keep companies, jobs and, by extension, the purchasing power of households at arm's length.
In vain ?
Maybe… Because inflation has been eating into the portfolio of the French for several months – it could reach 5.4% in June (over one year) according to the latest INSEE forecasts – while growth has stalled since the start of the year to 0% in the first quarter (and 0.25% in the second according to the latest forecasts).
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