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Nicolas Baverez: "The recovery is not a way out of the crisis"

2021-11-14T19:51:03.992Z


CHRONICLE - The French recovery looks like a Ponzi scheme worthy of Bernard Madoff. The French economy is experiencing a brilliant recovery in 2021, which places it in the position of the locomotive of the euro zone. Growth is expected to approach 7%, the best performance since 1969. Unemployment fell to 7.6% of the working population. The CAC 40 rose above 7,000 points while bankruptcies fell to an all-time low. Finally, poverty is stable, affecting 14.6% of the population, desp


The French economy is experiencing a brilliant recovery in 2021, which places it in the position of the locomotive of the euro zone.

Growth is expected to approach 7%, the best performance since 1969. Unemployment fell to 7.6% of the working population.

The CAC 40 rose above 7,000 points while bankruptcies fell to an all-time low.

Finally, poverty is stable, affecting 14.6% of the population, despite the 2020 recession and lockdowns.

Under this apparent miracle, celebrated at will by Emmanuel Macron and his government, however, warning signs point to the persistence of structural problems in the French economy.

See also

Inflation weighs on the European recovery

Manufacturing production has still not recovered to its pre-epidemic level.

The trade balance deficit is widening and should reach 70 then 90 billion euros in 2021 and 2022, underlining the continued deterioration of our country's competitiveness.

Production costs are on the rise

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Source: lefigaro

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