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France : croissance austère

Author

Listed:
  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Christophe Blot

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Marion Cochard
  • Hervé Péléraux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Mathieu Plane

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

In 2010, the French economy had a modest growth (1.5%) allowing creating new jobs in the business sector, after two years of heavy destruction. In 2011 and 2012, the growth will face a double shock. The first one is budgetary: from 2011 all the major developed countries will implement restrictive fiscal policies while their economies are still convalescing. The generalization of this strategy will constitute a powerful brake on economic growth. The second shock is linked to inflation with the strong increase of commodities prices, reducing household 's purchasing power. The French economy should grow by an annual average of 1.4% in 2011 and 1.7% in 2012. The unemployment rate would increase slightly to 9.5% in late 2012. The government deficit would reach 5.2% in 2012.

Suggested Citation

  • Eric Heyer & Christophe Blot & Marion Cochard & Hervé Péléraux & Mathieu Plane, 2011. "France : croissance austère," Post-Print hal-03476049, HAL.
    • Handle: RePEc:hal:journl:hal-03476049
    DOI: 10.3917/reof.117.0091
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03476049
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    Keywords

    Croissance; Marché du travail;

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