Tresor-Economics - Trésor Info | Direction générale du Trésor

Trésor-Eco

Trésor-Economics No. 167 - The world economy in spring 2016: a gradual recovery after the 2015 trough

Rédigé par : DG Trésor 08 avril 2016

In 2015, the world economy lost momentum. There were, however, strong geographic disparities. The advanced economies continued to expand, with the United States and United Kingdom posting a brisk performance. In the emerging economies, by contrast, the slowdown persisted. World activity is expected to recover by 2016 and accelerate in 2017, driven by the rebound of the emerging economies-after fiv... Lire la suite

Trésor-Eco

Trésor-Economics No. 166 - Why is world trade so weak?

Rédigé par : DG Trésor 06 avril 2016

Since the 2008-2009 financial crisis, world trade in goods and services has been struggling to regain its pre-crisis momentum. World trade growth averaged only 3% or so a year between 2012 and 2015, versus 6.7% a year between 2000 and 2008–a decrease due to weaker global economic growth and a decline in trade intensity of economic activity.Trade liberalisation and the increasing fragmentation of w... Lire la suite

Trésor-Eco

Trésor-Economics No. 165 - Initial and continuing education: the implications for a knowledge-based economy

Rédigé par : DG Trésor 22 mars 2016

Initial and continuing education play a decisive role in helping people to access the labour market by reducing unemployment risk and duration, and enabling them to obtain higher wages. In France, as in the other OECD countries, the rise in wage earnings procured by a higher-education degree greatly exceeds the cost of obtaining the degree (rate of return: 11.4%). Beyond the personal level, educat... Lire la suite

Trésor-Eco

Trésor-Economics No. 164 - Will Africa need a new "Heavily Indebted Poor Countries" Initiative?

Rédigé par : DG Trésor 18 mars 2016

The IMF and the World Bank launched the Heavily Indebted Poor Countries Initiative (HIPC) in 1996, and supplemented it in 2005 with the Multilateral Debt Relief Initiative (MDRI). The purpose of the HIPC Initiative was to organise massive relief of external public debt owed to the international financial community as a whole (international financial institutions, official bilateral creditors and p... Lire la suite

Trésor-Eco

Trésor-Economics No. 163 - Towards a better management of the fiscal stance in the euro area?

Rédigé par : DG Trésor 15 mars 2016

Since the introduction of the single currency in 1999, the fiscal policy of the euro area has consisted of the juxtaposition of national fiscal policies, largely irrespective of the overall economic conditions in the euro area. During preparations for the launch of the Economic and Monetary Union (EMU), a case was made for a coordinated approach to develop an appropriate fiscal policy at EMU level... Lire la suite

Trésor-Eco

Trésor-Economics No. 162 - Renewable energies: public policy challenges

Rédigé par : DG Trésor 11 mars 2016

Renewable energy sources (RES) are low-carbon energies available right within our borders, and as such can be of great value in addressing the challenges of climate change and energy security. In 2014, renewable energies accounted for 14.6% of France's gross final energy consumption. The French Energy Transition Act for Green Growth sets renewables targets of 23% and 32% as a share of gross final... Lire la suite

Trésor-Eco

Trésor-Economics No. 161 - The new rules for Official Development Assistance loans: what's at stake?

Rédigé par : DG Trésor 08 mars 2016

In December 2014, the High-Level Meeting of the OECD's Development Assistance Committee (DAC) approved a major reform of Official Development Assistance (ODA) loan reporting rules–the first change in over 40 years. This was a significant contribution by the OECD ahead of the international meetings held in 2015: the Addis Ababa conference on financing for development in July, and the adoption of ne... Lire la suite

Trésor-Eco

Trésor-Economics No. 160 - 30 years of modernising social relations in France

Rédigé par : DG Trésor 20 janvier 2016

Economic studies have found that effective social relations between unions and management are key to ensuring the economy runs smoothly. In surveys of the quality of labour relations, France tends to fare badly, however, although some improvement has been apparent over the last few years (see chart below).Numerous measures aimed at modernising social relations have been introduced since the 1980s,... Lire la suite

Trésor-Eco

Trésor-Economics No. 159 - Access to financing for French VSEs

Rédigé par : DG Trésor 17 décembre 2015

Very small enterprises (VSEs), which make up 96% of French businesses, fare en essential component of the French economy. They are the main local economic driver, cross-cutting a wide range of sectors, including retailers, crafts and tradespeople, self-employed professionals, service providers, accommodation and food services. They are also present in manufacturing and information and communicatio... Lire la suite

Trésor-Eco

Trésor-Economics No. 158 - Specialisation trends in major advanced countries since the 1990s

Rédigé par : DG Trésor 27 novembre 2015

With a faster decline of industry as a share of GDP, France's productive structure has been diverging from that of countries with the highest specialisation in industry such as Germany and Japan-a trend accentuated by the 2008 crisis. Conversely, France's growing specialisation in services has brought its productive structure closer to that of the United Kingdom and United States.As the economic d... Lire la suite