In the current climate of great political and economic uncertainty, the French are tending to save more and more.
While the political crisis obscures the economic direction of the budget currently under review, the French have never saved so much. To make the right choices between short-term savings and long-term investments, it is essential to carefully analyze one's future needs and the products best suited to one's strategy.
FRANCE, PARIS, 2021-07-13. Illustration of retirement, a pension system based on the pay-as-you-go principle, where social security contributions from the working population are used to pay pensions to retirees. A piggy bank, savings, savings for the elderly. Pension reform.
Photography by Riccardo Milani / Hans Lucas (Photo by Riccardo Milani / Hans Lucas via AFP)">FRANCE, PARIS, 2021-07-13. Illustration of retirement, retirement system based on the principle of distribution, social contributions of assets used to pay pensions paid to retirees. FRANCE, PARIS, 2021-07-13. Illustration of retirement, a pension system based on the pay-as-you-go principle, where social security contributions from the working population are used to pay pensions to retirees. A piggy bank, savings, savings for the elderly. Pension reform. Photography by Riccardo Milani / Hans Lucas (Photo by Riccardo Milani / Hans Lucas via AFP) RICCARDO MILANI / HANS LUCAS VIA AFP
To go further
This is the good news no one was expecting: French economic growth surprised everyone by accelerating to +0.5% in the third quarter compared to the previous three months, according to figures published by INSEE last week. Better than anticipated (initially at 0.3%), this result isn't cause for jubilation, but it nevertheless deserves recognition, especially when Germany and Italy are stagnating and the more dynamic Spanish economy is only slightly better (+0.6%).
Driven by strong exports (+2.2%) and investments encouraged by the continued interest rate cuts by the European Central Bank, this GDP (Gross Domestic Product) growth resulted in a "carry-over" of 0.8% at the end of September, according to INSEE. This means that even…
This article is for subscribers only.
Log inWant to read more?
All our exclusive content with unlimited access
Or
Le Nouvel Observateur
