Cyclical in nature, capitalism in turn experiences periods of growth and crisis.
Historically, the economy has thus faced severe recessions, which in the past were regularly triggered by wars, followed by periods of rebound.
This logic of the cycle seems however today much altered if one relies on the projections established by the Treasury Department, on the occasion of the presentation of the finance bill for 2021.
Bercy economists are indeed initially considering a clear mechanical recovery in 2021, with growth in gross domestic product (GDP) of 8%, after the 10% air gap caused by the coronavirus epidemic.
Then the outlook fades very quickly.
Despite the stimulus plan, the French economy will only return to the sluggish growth rate it has experienced in recent years within two years.
No trace in these forecasts of the opening of a new period of development.
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Budget 2021: the government is betting on a sharp rebound in the economy
Treasury economists estimate that
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