The first one took place in the Fifties and the Sixties, and was about modernisation. Admittedly, France had been a very rich and innovating industrial country, second only to the United Kingdom, since the very beginning of the 19th century. But then, during the first half of the 20th century, it had been bypassed by newcomers like the United States, Germany and even Italy, Russia and Japan a factor that, along with a weak demography, contributed in no small measure to the ignominious defeat of 1940. Post-War France made economic recovery and reindustrialisation a top priority and succeeded in an amazing way. More . . .
Growth is still generally good and fears of a recession are exaggerated.
A mild short-term dip in the U.S. is likely, but other economies, particularly in Europe, will perform well. A recession, if it comes, will be severe and global. Current results Previous results All rights reserved.