Artus – After the “whatever the cost”, the flood?

Lhe Covid pandemic is not over, with the surge of the Omicron variant, in particular, and the risk of the appearance of other vaccine-resistant variants is very real. But given the gravity of the crisis experienced in 2020-2021, we must nonetheless be surprised at the state of the French economy.

Indeed, from the end of 2021, we can observe a situation of the French economy which is in all its components better than before the Covid crisis. The level of GDP has almost, within 0.1%, reached the 3^e quarter 2021 its pre-crisis level, but, above all, we can observe an improvement in all the important characteristics of the economy. The number of unemployed without any activity has returned to its level of 4^e quarter 2019 (3.3 million), the unemployment rate is …