The Macroeconomic Impact of the New Geopolitical Deal on the French Economy

Jacques Sapir ()
Additional contact information
Jacques Sapir: Higher School of Social Sciences and Centre for Industrial Models, Higher School of Social Sciences

Studies on Russian Economic Development, 2023, vol. 34, issue 3, 308-319

Abstract: Abstract French economy has not still existed form COVID-19 consequences that it has been hit by economic consequences of the war in Ukraine and the new geopolitical deal. So far, through an extensive aid mechanism the government has sheltered the French economy of the worse consequences, mostly on energy prices and inflation, of the new situation. Nevertheless, the cost of this aid has been high and could be difficult to sustain. If economic results for 2022 were quite satisfactory there is some important uncertainties looming on the future. The combination of reduced household demand, as increase in production costs seen in many sectors has not yet translated into a corresponding increase in consumer prices, and high energy prices could push the economy into a depression in 2023. The “enchanted parenthesis” known by the French economy is therefore set to end with the beginning of 2023. The extent of the coming recession remains very difficult to estimate.

Keywords: COVID-19; enterprise costs; investment; government policy; prices; energy; prices shelter (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1134/S1075700723030140 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sorede:v:34:y:2023:i:3:d:10.1134_s1075700723030140

Ordering information: This journal article can be ordered from
https://www.springer ... nomics/journal/11507

DOI: 10.1134/S1075700723030140

Access Statistics for this article

Studies on Russian Economic Development is currently edited by Viktor V. Ivanter, Dmitrii B. Kuvalin and Galina A. Yaremenko

More articles in Studies on Russian Economic Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().