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Economics

France – Labour market reform: Towards greater flexibility

  • Edition October 16, 2017

    The long-term trend in the French labour market is a rising unemployment rate and the development of "mass unemployment". Despite going into reverse in the second half of 2015, the unemployment rate remains high. In view of this, the provisions in the reform of the French labour code are designed to make the labour market more flexible while guaranteeing workers some protection.

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Emerging Countries – Monthly News Digest

  • Edition October 12, 2017

    Highlights: Heading for a peak in the growth cycle in Central Europe. Uzbek devaluation and the threat of a market feeding frenzy in Central Asia. North Africa and Iran are countries whose currencies are threatened by imbalances. Rumours of a cut in key rates abound in South Africa. India's growth rate has kept on slowing since the start of 2016. Sure, the worst is over for Brazilians, but… is the future any more brilliant?

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France - Draft Budget Law for 2018: Public deficit reduced to 2.6% of GDP

  • Edition October 5, 2017

    The public deficit would reach 2.6% of GDP in 2018 (after 2.9% in 2017). The public debt ratio is expected to stabilise at 96.8% of GDP. The support measures include €10bn (net) of tax cuts and the first component of the major public investment plan. They are part of a supply-side policy and aim at a sustainable recovery of investment and employment. Significant savings on expenditures (€15bn) enable both the funding of these measures and the reducing of the deficits.

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World – Macroeconomic Scenario for 2017-2018: Inflation, the long absence

  • Edition October 4, 2017

    We had despaired of ever seeing investment pick up and jobs being created, and then of seeing wages gain traction. These classic ingredients of a burgeoning cycle are now in place, even if to differing degrees from one economy to another. On the other hand, there is no sign of the sort of inflation one would expect to see at this point in the cycle. What should we be making of such a long absence? That it reflects structural changes in price formation and also that it makes the oversight of central banks and inflation-targeting far more complex.

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

Spain – Madrid vs Barcelona: 'més que un clasico'

  • Edition 29 September 2017

    The continuing refusal of Madrid to open negotiations for further Catalan fiscal autonomy has pushed the Catalan nationalist conservatives towards secessionism, leading to the formation of a cross-party majority for independence in the Catalan Parlament. If a UDI is claimed, following a positive result in the referendum, its actual implementation seems unlikely, given the lack of strong popular support and the weaknesses of the secessionist majority.

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Understand Qatar crisis : Economist's infographic

  • Edition 26 September 2017

    Qatar crisis which blew up three months ago seems sometimes difficult to understand from abroad. Actually, it is part of a global context made of old geopolitical tensions in the Middle East. This Infographic summarize in a very simple way the origins of the political crisis and its regional implications.

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