• Size up
  • Size down
  • Share this article
  • Print this page

Search Results

  • Saudi Arabia – The rentier model in an era of reform and regional crisis

    Edition August 1, 2017

    The lasting drop in the oil price to around 50 dollars a barrel is undermining the deeply rentier Saudi economy, which derives 90% of its tax receipts. A huge long-term structural reform plan ("Vision 2030") is ongoing to wean the country off its rentier economy. It is extremely ambitious, especially in its social components, where the challenges are greatest. However, the political and geopolitical environment is a source of growing concern.

    Extract

    Download publication - (Format PDF - 527.76 Ko)

  • France - Housing Market: Recent developments and outlook for 2017-2018

    Edition July 26, 2017

    The housing market was very active in 2016 and in the first half of 2017. The recovery is mainly linked to two factors: extremely low mortgage lending rates, which are now starting to edge up, boosting sales through a windfall effect; and the new-build stimulus plan with the Pinel scheme and the strengthening of the PTZ interest-free loan. Is this strength likely to persist, at a time when lending rates are timidly embarking on an uptrend? Two main scenarios seem possible, in our view.

    Extract

    Download publication - (Format PDF - 641.67 Ko)

  • World – Macroeconomic Scenario for 2017-2018: Pleasant surprises of a slow-burn cycle

    Edition July 3, 2017

    How do you best describe a cycle that ends up delivering pleasant surprises? Answer: by qualifying it, so to speak, as a slow-burn cycle. The classic sequence of events is falling into place, albeit very slowly. It is as if it were necessary – in addition to the obvious need to absorb excess capacity – to remove all doubts before taking any decisions. Household consumption is still the main driver of growth. But investment is finally beginning to show signs of life. The labour market has finally started to improve. And growth has finally started to become more job-rich. Meanwhile wages and prices are proving to be surprisingly well-behaved. This is a sign both of excess capacity, which is proving to be hard to absorb, and, without a doubt, structural change, what with the growth of the service economy and of ‘uberisation' as drivers of competition, which are helping to keep wages down, especially in economies that are still convalescing after the crisis.

    Extract

    Download publication - (Format PDF - 946.67 Ko)

  • World - Macroeconomic Scenario for 2017-2018: Economic and financial forecasts

    Edition June 30, 2017

    This publication presents the economists' forecasts for interest rates, exchange rates and commodity prices, along with the Crédit Agricole Group's central economic projection.

    Extract

    Download publication - (Format PDF - 403.49 Ko)

  • Emerging Countries – Monthly News Digest

    Edition June 7, 2017

    Highlights: What changes are forecast for Turkey's current account balance? Which Middle East and North Africa countries are over-indebted? Côte d'Ivoire experiences mutiny episode 2. Heading for a slowdown in China. Inflation picking up in Mexico.

    Extract

    Download publication - (Format PDF - 592.08 Ko)

  • France – Macroeconomic scenario 2017-2018 : A modest recovery but with signs of improvement

    Edition May 23, 2017

    In 2016, over the full year, French growth came out at 1.1%, a pace very similar to that of 2015 (1.2%), and was therefore disappointing despite that much vaunted "alignment of the planets" (ie, the combination of a weak euro, record low interest rates, and cheap energy). We foresee an improvement in growth, to 1.3% in 2017 and to 1.4% in 2018. This scenario of modest recovery is in line with the recent business surveys.

    Extract

    Download publication - (Format PDF - 1.54 Mo)

  • France – Housing market: Recent developments and outlook for 2017-2018, Slight fall ahead

    Edition May 23, 2017
    The housing market had a record year in 2016, with very high transaction volumes, reaching the level of the highs of the previous housing boom (2006-2007). The housing market continued upbeat in early 2017 but could see a slight dip in the second half and in 2018. Mortgage lending rates began to rise very slightly in early 2017. This trend seems likely to pick up gradually on the back of the slow rise in 10-year OAT rates. Moreover, prices are still high and have begun rising again.

    Extract

    Download publication - (Format PDF - 472.1 Ko)

  • Emerging Countries – Monthly News Digest

    Edition May 11, 2017

    Highlights: Poland's budget deficit was up in the first quarter. Turkey has switched political regime. Qatar's economy is benefitting from the virtues of a counter-cyclical policy. The plummeting price of cocoa is likely to have severely adverse consequences in Côte-d'Ivoire and Ghana. Chinese GDP growth picked up slightly in the first quarter, to 6.9% year-on-year. In Brazil, interest rates are falling and inflation is slowing (and contrariwise).

    Extract

    Download publication - (Format PDF - 604.39 Ko)

  • Emerging Countries – Monthly News Digest

    Edition March 29, 2017

    Highlights: Poland is forecast to emerge from deflation in 2017. In Russia, will Mr Putin continue to be patient? What role do women play in the Middle East and North Africa labour market? Nigeria is experiencing a liquidity crisis. In China, things are kicking off quite well? In Brazil, the Attorney General spectacularly intervened in the Odebrecht affair.

    Extract

    Download publication - (Format PDF - 438.99 Ko)

  • ECB: The cat that walked by himself

    Edition March 8, 2017

    Rudyard Kipling's cat is the wildest animal of the Wet Wild Woods, not because he refuses to respect the bargain negotiated – on the contrary, he respects it whatever happens – but because he respects only the bargain and refuses to submit to any other kind of pressure: man's boot-throwing or the dog's bite. He is the cat that walks by himself. Mario Draghi is ready to do "whatever it takes", "whatever the ECB must", "without any limit" to respect the bargain negotiated in the European Treaty: price stability.

    Extract

    Download publication - (Format PDF - 173.3 Ko)

142 matches.

Subscription

Follow the economic activity!

Sectors, regions, videos, graphics... all the economic information that you needs !

Already a subscriber ? Log in