Governments Want Recession
The recession is desired by governments to reduce the pandemic. It has never been done before and that is why the crisis is not ordinary The current crisis has two…
A dynamic and cyclical approach to the global economy
The recession is desired by governments to reduce the pandemic. It has never been done before and that is why the crisis is not ordinary The current crisis has two…
The current epidemic crisis is the result of a massive health crisis that would have disastrous consequences without state intervention, and governments’ role here is to curb the extent of…
Week dominated by the publication of business surveys: Markit (advanced estimate), IFO, INSEE, Istat but also among households (Europe, France, Italy, USA). First measures of the epidemic shock in developed…
The collapse of industrial production foreshadows what the future figures could be in the Euro zone. The collapse of Chinese industrial production is spectacular. The figures were expected to decline…
The supply value chain is broken as a consequence of the Chinese containment. The recovery is slow and the epidemic is not over. Therefore, the global production will decrease. That’s…
China’s emergence over the past twenty years has upended the world balance. During the SARS epidemic, the world did not need to rely on China. But in today’s era and…
The PMI survey for the manufacturing sector dropped to 35.7 in February, way below the weakest recorded number during the 2008 financial crisis. The index was at 38.8 in November…
Consumption expenditures dropped after the VAT rate hike last October. The GDP was down by -6.3% at annual rate in the last quarter of 2019. No recovery is expected in…
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