France’s economy facing shortages

After six months of a continuous decline in household and business sentiment, economic activity in France appears to have increased modestly during the summer months. The toughest part is yet to come. Rationing and shortages are hogging the headlines everywhere. Some of them appear to be easing (supplies to businesses), others not yet (hiring of workers). Some are anecdotal (mustard), others affect the core of the production system (energy). As this is France, the social climate ...