An atoning victim of the Covid-19 pandemic, the global economy has suffered an unprecedented collapse since the first industrial revolution at the end of the 18th century.
But also the shortest recession in all of history.
France, and it is not the only one, is currently experiencing a rebound like it has never experienced.
INSEE announced it without fanfare last week: the sacrosanct GDP, the gross domestic product which measures all of the country's production, should grow by 17% in this third quarter.
Alleluia.
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Yet the French have the feeling of still being at the bottom of the hole.
Just like in the fascinating drawings of MC Escher where you can climb a staircase, you always find yourself lower than where you started.
This trompe-l'oeil phenomenon is easily explained: while progressing again, the economic machine is now running at only 95%, on average, of its 2019 regime. It is not before the second half of 2022 , and
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