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	<title>France &#8211; RFR</title>
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	<link>https://richesflores.com</link>
	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>France &#8211; RFR</title>
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		<title>Dans son malheur, la France a, jusqu’à présent, eu de la chance…</title>
		<link>https://richesflores.com/2024/12/05/dans-son-malheur-la-france-a-jusqua-present-eu-de-la-chancefrance-crise-barnier-cac40-bce-oat-spread/</link>
					<comments>https://richesflores.com/2024/12/05/dans-son-malheur-la-france-a-jusqua-present-eu-de-la-chancefrance-crise-barnier-cac40-bce-oat-spread/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Thu, 05 Dec 2024 07:21:42 +0000</pubDate>
				<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[France]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=20026</guid>

					<description><![CDATA[Les conditions financières de ces derniers mois ont épargné la France de...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2024/12/05/dans-son-malheur-la-france-a-jusqua-present-eu-de-la-chancefrance-crise-barnier-cac40-bce-oat-spread/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Le roseau plie mais ne rompt pas, selon l’enquête INSEE</title>
		<link>https://richesflores.com/2022/09/22/le-roseau-plie-mais-ne-rompt-pas-selon-lenquete-insee-insee-conjoncture-economie-france-risques-industrie-services-inflation/</link>
					<comments>https://richesflores.com/2022/09/22/le-roseau-plie-mais-ne-rompt-pas-selon-lenquete-insee-insee-conjoncture-economie-france-risques-industrie-services-inflation/#respond</comments>
		
		<dc:creator><![CDATA[Thomas BAUER]]></dc:creator>
		<pubDate>Thu, 22 Sep 2022 12:23:29 +0000</pubDate>
				<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Sur le vif]]></category>
		<category><![CDATA[climat des affaires insee]]></category>
		<category><![CDATA[Conjoncture française]]></category>
		<category><![CDATA[Enquête INSEE]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=16842</guid>

					<description><![CDATA[Les incertitudes en présence conduisent l’économiste à chercher dans les données de...]]></description>
		
					<wfw:commentRss>https://richesflores.com/2022/09/22/le-roseau-plie-mais-ne-rompt-pas-selon-lenquete-insee-insee-conjoncture-economie-france-risques-industrie-services-inflation/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Sauf en Allemagne, la croissance a bien résisté en fin d’année dernière</title>
		<link>https://richesflores.com/2022/01/28/sauf-en-allemagne-la-croissance-a-bien-resiste-en-fin-dannee-derniere-conjoncture-europe-allemagne-espagne-pib-production-industrie-services-coronavirus/</link>
					<comments>https://richesflores.com/2022/01/28/sauf-en-allemagne-la-croissance-a-bien-resiste-en-fin-dannee-derniere-conjoncture-europe-allemagne-espagne-pib-production-industrie-services-coronavirus/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 28 Jan 2022 13:12:29 +0000</pubDate>
				<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[Sur le vif]]></category>
		<category><![CDATA[conjoncture européenne]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[PIB allemand]]></category>
		<category><![CDATA[pib espagnol]]></category>
		<category><![CDATA[pib français]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=15793</guid>

					<description><![CDATA[Au quatrième trimestre, la France affiche une hausse de son PIB de...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Déprime dans les services, espoir dans l’industrie, l’économie française piétine</title>
		<link>https://richesflores.com/2021/02/24/deprime-dans-les-services-espoir-dans-lindustrie-leconomie-francaise-pietine-conjoncture-france-services-industrie-covid/</link>
					<comments>https://richesflores.com/2021/02/24/deprime-dans-les-services-espoir-dans-lindustrie-leconomie-francaise-pietine-conjoncture-france-services-industrie-covid/#respond</comments>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Wed, 24 Feb 2021 14:55:06 +0000</pubDate>
				<category><![CDATA[CONJONCTURE ]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Conjoncture française]]></category>
		<category><![CDATA[industrie française]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insee]]></category>
		<category><![CDATA[services]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=14229</guid>

					<description><![CDATA[L’indice de climat des affaires de l’INSEE recule d’un point, à 90,...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Mind your Back!</title>
		<link>https://richesflores.com/2014/06/27/mind-your-back/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 27 Jun 2014 08:45:42 +0000</pubDate>
				<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=4239</guid>

					<description><![CDATA[France is stumbling, Germany weakening, the U.S. wobbling, Brazil is down a match point and J. Bullard has promised us rate hikes by March… the summer is going to be a real barn burner! Will M&#38;A activity be robust enough to continue to fuel investor confidence?<br/><br/>

It's looking like things are getting tight, considering recent economic developments and central banks' bungled messages. Let's take a closer look at the most disruptive factors from the week.<br/><br/>

<b>- Euro area: if Germany is a locomotive, is France the caboose?</b><br/>

<b>- U.S. growth will not exceed 1.5% this year</b><br/>

- <b>It's match point in Brazil</b><br/>

- <b>Beware of the impatience of certain central bankers</b>]]></description>
		
		
		
			</item>
		<item>
		<title>France: survey results are converging… for the worst</title>
		<link>https://richesflores.com/2014/05/16/france-survey-results-are-convergingfor-the-worst/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 16 May 2014 07:44:10 +0000</pubDate>
				<category><![CDATA[France]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3848</guid>

					<description><![CDATA[Distortions from the end of the year between PMI polls, foreshadowing recession, and INSEE data, mostly reassuring, have evened out. Good news for starters, as PMIs made up for their lag, the present convergence has become worrying: all surveys, across the board, paint a decidedly ugly picture.And for two reasons:<br/>

1) the return of consumer concerns,<br/>

2) the lack of an export recovery.<br/><br/>

The whole picture is cause for concern. After zero growth in the first quarter, the downturn of the most recent indicators accentuates the risk of a fresh – and sustained - fall in economic activity. <strong>The more-or-less consensus forecast of 1 % French growth on average is now very “passé”. In fact, French growth will struggle to do better than 0.5% this year! </strong>This is very bad news, for France and the rest of the euro area.]]></description>
		
		
		
			</item>
		<item>
		<title>The last straw for the French economy</title>
		<link>https://richesflores.com/2014/04/18/the-last-straw-for-the-french-economy/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 18 Apr 2014 09:48:20 +0000</pubDate>
				<category><![CDATA[France]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3473</guid>

					<description><![CDATA[Either eight or nine countries in the euro area are probably in the grips of deflation. In response to the situation, the direction of economic policy will play a decisive role. It's a foregone conclusion that the ECB will not take measures in the near term that will be aggressive enough to stem the onslaught of this plague. It will be up to fiscal and tax policies to take on this responsibility. By complying with the European Commission's constraints, France risks plunging its economy into a deflationary abyss and with it, undoubtedly, all of the euro area.]]></description>
		
		
		
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		<item>
		<title>Commodity prices: what we would like to see, what hints they are giving</title>
		<link>https://richesflores.com/2013/11/29/commodity-prices-what-we-would-like-to-see-what-hints-they-are-giving/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 29 Nov 2013 13:30:38 +0000</pubDate>
				<category><![CDATA[Commodities]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Global Trends]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=2553</guid>

					<description><![CDATA[<b><i>Commodity prices: what we would like to see, what hints they are giving</i></b> <br />

We got off on a good foot this week, with some reassuring news for once: the likely decline in oil prices stemming from progress on negotiations to halt the development of nuclear weapons in Iran. As we are reasonably confident that this week’s agreement will have an impact of at least $10 per barrel, we decided to take a closer look. Why don’t we just take the news at face value?  <br />

<b><i>Is France doing as poorly as everyone says? </i></b> <br />

Coming on the heels of last week’s dispiriting PMI data, the results of the latest INSEE survey are reassuring. Not only do the results debunk the scenario of a slide back into recession that some were quick to assert after the PMI release, but a detailed analysis even shows that there is reason for hope]]></description>
		
		
		
			</item>
		<item>
		<title>Bright Spots in an Otherwise Lackluster Recovery</title>
		<link>https://richesflores.com/2013/08/27/bright-spots-in-an-otherwise-lackluster-recovery/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Tue, 27 Aug 2013 09:10:20 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[stocks]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=2060</guid>

					<description><![CDATA[Although there are still legitimate concerns about the future of the euro area, the recession is definitely over. Like all such episodes, this one comes with a number of pleasant surprises. Here are the three main ones: the first and most significant surprise from the investor standpoint is a recovery in Europe’s auto industry, along with improved stock performance for the firms involved; the second—and much more surprising—surprise is that the indicators we track on the French economy show a brighter outlook for industrial investment in France; the third, and possibly most important surprise—given the risks that Spain’s sluggish economy pose for Europe as a whole—is that spending by Spanish consumers is clearly trending upward.

While none of these surprises taken alone has enough weight at this point to convince us to make any major changes to our growth forecasts, they each help restore a modicum of confidence—perhaps even with unexpected repercussions. ]]></description>
		
		
		
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		<item>
		<title>France–Germany: Comparing 20 Years of Economic History</title>
		<link>https://richesflores.com/2013/05/30/france-germany-comparing-20-years-of-economic-history/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Thu, 30 May 2013 13:31:57 +0000</pubDate>
				<category><![CDATA[Countries/Regions]]></category>
		<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[IN CHARTS]]></category>
		<category><![CDATA[Unclassified]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Demography]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Exports]]></category>
		<category><![CDATA[Foreign Trade]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[Real Estate]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=1703</guid>

					<description><![CDATA[Like all crises, the present one provides a fertile breeding ground for dogmatic, cookie-cutter statements and clichés that don’t always square with reality. So perhaps the best way to avoid making disastrous decisions on the momentous issues of today is to take a good, hard look at our past. This view was what prompted us to publish the following series of charts, which sum up twenty years of comparative economic history in France and Germany. 
Growth, consumption, employment, real estate, debt, demographics, and foreign trade are the themes we have covered here, in the hope of offering the reader greater insight into the forces at work in the euro area’s two leading economies.
]]></description>
		
		
		
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