In the U.S.A., instead of a predicted recession, 2023 finally ended with a G.D.P. rise of 3.1%. The economy benefited from a resilient job market and buoyant consumer spending, despite a property sector at the lowest level for 30 years. The U.S. economy is expected to grow by about 1% in 2024.
The European economy is slowing. In France, the economy increased by only 0.9% in 2023, after a recession in the second half of the year (INSEE) and growth rates of 2.5% in 2022 and 6.4% in 2021. INSEE...