Growth Declines Are Often Abrupt

As a public policy think tank dedicated to studying issues that resonate internationally, France Stratégie publishes regularly in English on the labour market, the digital economy, sustainable development, economics and social affairs.In the 1960s, France’s economy was growing fast. Having successfully recovered from World War II, it had embarked on comprehensive modernisation. New cities were built to accommodate massive migration from the countryside, ambitious transport and communication infrastructure programmes were rolled out, consumer durable industries were booming and innovative new products were being launched.