Emmanuel Ferry
Emmanuel Ferry
broad consumer correction downward driven expected figures fourth likely looks picture relapse remain spending watch
The broad picture looks better than expected but we have to watch figures very carefully. A downward correction driven by a relapse in consumer spending is very likely in the fourth quarter. That's why I remain cautious.
higher highest inflation june likely percent rate respond rise seen three
This is the highest inflation rate we've seen in over three years and much higher than 0.3 percent in June 1999, ... Euro-zone inflation should come in around 2.2 percent in June, and the ECB is likely to respond with a 25-basis-point rate rise in September.
context enjoy minister normal popularity prime profoundly rising run
It's normal for a new prime minister to enjoy rising popularity in the first months. The difficulties run very deep. The context is profoundly depressed.
absolutely continue economy felt french global impact moment sign
For the moment there is absolutely no sign of a turnaround. The impact of the global slowdown on the French economy will continue to be felt in 2002.
absolutely continue economy felt french global impact moment sign
For the moment there is absolutely no sign of a turnaround, ... The impact of the global slowdown on the French economy will continue to be felt in 2002.
business changing general gradual personal rebound scenario shows survey
The rebound is very slow, gradual and uncertain. The survey shows a changing scenario in July, notably on the personal and general business outlooks which deteriorated significantly.
balancing both business consumer expecting fact improved rising sentiment
We were expecting a kind of balancing out between rising business sentiment and consumer confidence, which we thought would slip, but in fact we have improved on both fronts.
bit disconnect french global outlook perception
There is a disconnect between the outlook for the French economy, which is a bit lower, and the perception of the global economy, which is up.