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Nicolas Baverez: "In France, a trompe-l'œil recovery"

2021-09-12T20:12:05.047Z


CHRONICLE - The recovery will not last because the structural weaknesses of our economy are still present.


In 2021, the growth of the French economy will reach 6.25%, according to INSEE, its best performance since 1973, which will allow activity to return to its 2019 level at the end of the year.

Private and public salaried employment was already 145,500 above its low level before the pandemic at the start of the summer.

According to the government, the French economy would not only be on the way to overcoming the most violent shock it has suffered since World War II, but it would emerge stronger.

The reality is quite different: to be vigorous, the recovery is hemiplegic and will remain short-lived given the growing structural weaknesses of our economy.

To read also

Jean-Pierre Robin: "France, blue ribbon of economic growth in the euro zone in 2021?"

The strong growth of 2021 is entirely the result of the catch-up effect following the historic recession of 8% of GDP in 2020, a recession whose nature remains unique since it was not caused by economic imbalances but by health measures. taken by the state to respond

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Source: lefigaro

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