Economic forecasts on French Economy 2008

Type :

Term papers

Pages :

11 pages

Format :

.doc

Published date :

05/12/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction
Economic context
1. World economy
2. Domestic environment
3. The real economy
4. The interest rate, wages, prices and unemployment
Capacity utilization
Household's confidence evolution
French consumer prices by sector (INSEE, April 2008)
Alternative forecast: BNP
Conclusion
Bibliography

Abstract

Today, France stands at one of its lowest confidence rate since a decade. On a global scale, world trade contracted in 2007 with only 5.5% growth compared to 8.5% in 2006. The sub primes crisis is directly hitting the global financial markets and disturbing the world economy. If we have a glance at consumer prices and oil and raw materials prices, concerns are high. In this gloomy atmosphere, our report aims at analyzing the different forecasts for 2008 french economy.

We will explain the various impacts of the international context on the french economy. We will also lay the stress on the different mechanisms that affects consumption, investment and more generally the GDP growth. Our dossier puts mainly the emphasis on data from INSEE and BNP. Finally, we think that institutes may have had some hardships to evaluate the weight of financial crisis and incentive french Government policies of last 2007 in the mid- term.