Trésor-Economics No. 223 - What do business surveys tell us about the position of the economy in the business cycle?
Knowing the position of the economy in the business cycle is important for implementing economic policy. It makes it possible, for example, to draw up a medium-term growth scenario: an overheating economy is likely to slow down whereas a demand deficient economy could beat its potential growth rate. Similarly, it makes it possible to identify the structural component of the general government ba... Lire la suite