Economy essentials



Conjuncture

Energy is holding back European growth

Soaring energy prices continue to feed inflation and slow down the European economy, even if its fundamentals remain solid, estimated Thursday, February 10 the European Commission which forecasts an upturn from the spring. Brussels has revised its inflation forecast for the euro zone for 2022 significantly upwards, to 3.5% (against 2.2% expected so far), and downwards its forecast for economic growth, to 4% (against 4 .3%).

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Industry

Indonesia orders 42 Rafale

Indonesia signed an order for 42 Rafales on Thursday, February 10, as Paris and Jakarta seek to strengthen their ties in the face of growing tensions in Asia-Pacific. The contract amounts to 8.1 billion dollars (nearly 7.1 billion euros) for the 42 planes and their armaments, according to the French Ministry of the Armed Forces. “It’s a new Dassault country, that’s what makes it a historic contract”, welcomed the CEO of Dassault Aviation Éric Trappier. Indonesia is the seventh country where the Rafale has been exported since 2015.

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The number

150 billion euros

This is the amount that the European Union intends to invest in Africa by 2027 to modernize infrastructure, said Commission President Ursula von der Leyen. This is the first concrete announcement as part of the “Global Gateway” plan, a competitor to the Chinese Silk Roads project. This European initiative, launched in December, should mobilize 300 billion euros of public and private funds for infrastructure projects throughout the world.

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