Transmission a strategic issue for the CFAThe overall budget of the ICC represents 3Own fundsIt is not repeated the Dutch clean2 billion of financial flows are expected in the areaThe conflict the situation is unprecedentedLessees of tobacco are themselves raise the pressureA sin sanctioned insensitively by the godsIn a market which is less than last year 6Or more likely there has been invited by the Kremlin3 billion against a positive outcome of 6Eric Woerth and Christine Lagarde presented, Wednesday in Council of des mercredi en Conseil des eric Woerth et Christine Lagarde présentent, mercredi en Conseil des en et, en en en and en et,, mercredi and macroeconomic framing revised for 2009. Intended to endorse certain measures decided at the social Summit, February 18, as the decline in the income tax (see below), it is occasionally also, revise the forecast deficit for 2009 and growth, and to outline the table in 2010.
The latest official growth forecast dates back to November ( 0.2 to 0.5 this year), even if the Minister of economy said mid-February to the deepening of the crisis, the French performance would probably "less than 1. The Minister of the Budget has also warned that the public, already revised deficit on the rise, in 4.4 of GDP this year, would be more profound. In fact, the Economic Outlook 2009-2010, which will be presented Wednesday now fully integrate the recession. The Government temporarily a decline of the gross domestic product (GDP) between 1 and 1.5 on average this year, following growth of 0.7 last year, according to the first estimate of Insee. The European Commission plans to turn a decline of the GDP of 1.8 in France this year, before a slight recovery in 2010, with 0.4 growth. The international monetary fund, is betting on a decline in activity of 1.9 this year, before a 0.7 increase next year.
Social plans
If the Government, supported by the resistance of spending the past few months, anticipates a positive consumption this year, supported by low inflation, it takes note of the seriousness of the situation on the companies. Beyond the collapse of their investments, it recognizes that the historic flight of unemployment in January ( 90.200 job-seekers) does not import the announced social plans in recent weeks. And if the rate of unemployment in France still in the average European, many sectors, beyond the automobile, already use the partial unemployment significantly, observe the services of the State (see below).
"Context".
This continuation of the degradation of the activity will weigh on public accounts. The Government should stop its new forecast of 5.5 per cent of GDP public deficit this year or the level of 1995 with a single fiscal deficit of the State around 100 billion euros ("Les Echos" from February 27). The worsening of the social accounts is also inevitable. Yesterday, on France Info, the President of the Unédic, Geoffroy Roux de Bézieux, stated that unemployment would review its forecasts, set only three weeks to 282.000 additional unemployed on the year. "It is likely that it will be a very small surplus or a deficit this year", he said. Therefore, he said, he saw "nothing" to put on the table to the Fund for social investment Summit on 18 February, and which must be funded by the State and the social partners to coordinate training efforts. Despite new forecasts of Government's public deficit, the debate on the magnitude of the stimulus seems to not ready to be closed. Yesterday, on Canal , the first Secretary of the Socialist Party, Martine Aubry, found "unacceptable that the President of the Republic does not take into account the gravity of the crisis", concluding that "there no stimulus plan" and that "the President may not simply to accompany the crisis" by "context".
