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EDITORIAL. Economic clouds are gathering over a politically blocked France. Paradoxically, this can be a chance to stop spending.
© AURELIEN BREAU / MAXPPP / WEST COURIER
By Pierre Antoine Delhommais
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Lhe worst is never certain in economics, but it is always wise and useful to consider it so that you can prepare for it. This is what the Banque de France has just done by presenting in its latest forecasts a scenario qualified by euphemism as “unfavorable”, based on the hypothesis of a prolongation of the war in Ukraine. With, among other consequences, an additional and lasting surge in energy prices and global inflation (7% in 2023), but also a recession that would begin in the fall and continue into next year (–1.3 % decline in GDP). These prospects are all the more worrying since most military experts anticipate a long-term conflict.
If we add to this geopolitical threat those of a possible resurgence…
Laughter – The great texts of the Greeks and Romans
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