Le Suivi de La Croissance

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  • 7/31/2019 Le Suivi de La Croissance

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    Qhpw w`qw`w i`z o{ei{`z op kt`ihqq`m`f{ qwjhj` hp{owknd) hf q`p{ p{ninz`w k`z m`zpw`z pn q`wm`{{`f{ k`zpntw` i` w~{em` k` io jwhnzzofj`& I` don{ ppf o{ei{` on{pf kt`ihqq`m`f{ qwjhj` hp {owknd fo qoz knmqhw{ofj``f zhn2 j` pn jhmq{`) j`z{ io dohf khf{ hf kjnk` k`i`fjokw`w jhpw{ `{ ihfl {`wm`& Hf q`p{ ioghw`wk`z qiofz k`f{wof`m`f{ `{ k` jhmq{n{nhf okoq{zopu g`zhnfz nfkntnkp`iz k` io{ei{`) z`ihf p` zhfkt`ihqq`m`f{ `z{ qwjhj`) fhwmoi hp {owknd&

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    ?1-?7 ofz& J`z{ pf mhm`f{ hqqhw{pf qhpw i` kt`ihqq`m`f{ k`z eogni`{z mh{wnj`z& Q`fkof{ `{ oqwz io qpg`w{)i` jhfkn{nhff`m`f{ qe~znp` q`p{ {w` ojj`f{p jopz` k` io mo{pwo{nhf zp`i`{{np`) io mozz` mpzjpionw`) i`zqhpmhfz) i` z~z{m` jowknhtozjpionw` `{ io qwknzqhzn{nhf kp z~z{m` ehwmhfoi&

    Jhpwg` f`pwoi` J`{{` jhpwg` niipz{w` io jwhnzzofj` kp j`wt`op `{ kp z~z{m` f`wt`pu& T`wz il` k` < ofz) >0% kpz~z{m` f`wt`pu `z{ kt`ihqq& J`{{` thip{nhf woqnk` kp z~z{m` f`wt`pu dojnin{` i` kt`ihqq`m`f{ k`z eogni`{zmh{wnj`z {`ii`z p` iolnin{) io jhhwknfo{nhf) ipningw`) `{ io tn{`zz`& I`z dhfk`m`f{z kp mhpt`m`f{ jhpwnw)zop{`w) iofj`w) `{j&.) i`z eogni`{z mh{wnj`z `{ i`z eogni`{z k` goz` io qwo{np` zqhw{nt` khnt`f{ {w` nf{whkpn{`z `{kt`ihqqz i`fdofj`& J` z{ok` `z{ jowoj{wnz qow pf kt`ihqq`m`f{ lfwoi k` i`fdof{&

    Jhpwg` lfn{oi` J`{{` jhpwg` kmhf{w` i` w~{em` k` jwhnzzofj` k`z jowoj{wnz{np`z z`up`ii`z qwnmonw`z `{z`jhfkonw`z& I` {nzzp lfn{oi wti` pf` jwhnzzofj` i`f{`) jowoj{wnz qow pf` qwnhk` io{`f{` i`fdofj` zpntn kpfkt`ihqq`m`f{ ojjiw io qpg`w{ ihwz k` io qeoz` k` jwhnzzofj` woqnk` ( zhpkonf` k` iokhi`zj`f{& I` zjemo k`

    io jhpg` niipz{w` pf` mo{pwo{nhf ehwmhfoi` pn opwo pf` jhf{wngp{nhf znlfnjo{nt` op kt`ihqq`m`f{ k` io jhfkn{nhfqe~znp` `{ k` io q`wdhwmofj` zqhw{nt`&

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    Qhpwphn othfz-fhpz g`zhnf k` m`zpw`z k` iojwhnzzofj`8

    K`z m`zpw`z qwjnz`z zpw io jwhnzzofj` zhf{ fj`zzonw`zqhpw ozzpw`w pf zpntn `{ jhffo{w` i` k`lw k` mo{pwn{k`z o{ei{`z of k` m`{{w` `f qioj` k`z qwhlwomm`zk`f{wof`m`f{) k` jhmq{n{nhf `{ k` wjpqwo{nhfjhfpz `f dhfj{nhf k` i`pw z{ok` k` kt`ihqq`m`f{ qip{{p` k` i`pw l` jewhfhihlnp`&

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    qwz`f{`m`f{& I`z otof{ol`z `{ nfjhtfn`f{z kpf c`pf` kt`ihqq`m`f{ qwjhj` hp kt`ihqq`m`f{ {owknd zhf{`uqinpz kofz io gh{` qipz goz nf{n{pi Jhffonzzofj`zotofj`z l` w`io{nd & I`z oj{nhfz qhz`w qowwoqqhw{ i`dd`{ k` il` w`io{nd zhf{ opzzn kjwn{`z&

    Op jeoqn{w` k` io dhwj`) k` io qpnzzofj`) k` i`fkpwofj``{ k` io tn{`zz`) i`z o{ei{`z op kt`ihqq`m`f{ qwjhj`zhf{ fhwmoi`m`f{ otof{olz qow woqqhw{ opu op{w`z)`{ j`) zpw{hp{ kofz i`z zqhw{z h io mozz` jhwqhw`ii`jhfz{n{p` pf o{hp{& J`z o{ei{`z zhf{ joqogi`z k` khmnf`wi`pwz qonwz `f wonzhf k` i`pw z{wpj{pw` mhwqehihlnp`) `{

    Il` w`io{nd chp` opzzn pf wi` nmqhw{of{ kofz io qwnz` k` kjnznhf k` i`f{wof`pw& R[WOKPJ[NHF] I`dd`{ k` il` w`io{nd `z{hgz`wtogi` kofz i`z pnq`z kin{` cpfnhwz { z`fnhwz) h i` fhmgw` ko{ei{ z fz {{ op jhpwz kpf` off` k` zi`j{nhf z{qipz i`t p` i` fhmgw` opp`i hf k`twon{ zo{{`fkw` z`ihf i`z {opu k` fo{oin{ fo{nhfopu& @f kop{w`z {`wm`z) pf fdof{f i` ?`w coftn`w `{ pf op{w` f i` :? kj`mgw` k` io mm` off` qow{njnq`f{ opu mm`z qwhlwomm`z) mm` zn i` qw`mn`wo qw`zp` pf of k` qipz p` iop{w`& K` fhmgw`pu khjpm`f{z jhfwm`f{ p` il` w`io{nd jhfdw` pf lwofk otof{ol`

    j`w{onfz o{ei{`z op mhm`f{ k` io zi`j{nhf& Io ko{` p{ninz` qhpw k{`wmnf`w i` lwhpq` kl` kofz i`z zqhw{z hwlofnzz qhpwi`z c`pf`z z{ i` ?`w oh{ kofz i`z zqhw{z zjhionw`z oflionz `{ i` ?`w coftn`w op ehjb`~ zpw lioj` jofokn`f& Kofz ghf fhmgw` k`zqhw{z knddw`f{z) i`dd`{ k` il` w`io{nd `z{ dojni` hgz`wt`w& I` {ogi`op ioqq`fknj` ? mhf{w` i`z ko{`z k` fonzzofj` k`z

    m`mgw`z kpnq`z mozjpinf z ko{ei{nzm`) k` dhh{goii zhjj`w.) k` fo{o{nhf { k` {`ffnz kofz i`z zqhw{z oflionz Mhwwnz ofkF`tnii) 7114.& Io qwdw`fj` ojjhwk` opu w`jwp`z f`z `f op{hmf` `z{ dwoqqof{`) jhmm` j`z{ i` joz qhpw j`ii`z f`z opjhpwz kp qw`mn`w {wnm`z{w` k` ioff` op ehjb`~ zpw lioj`&

    Zn il` w`io{nd) kmhf{wof{ pf jow{ k` ?1 ?7 mhnz) q`p{ nfp`w op{of{ zpw io zi`j{nhf) io qow{njnqo{nhf { io q`wdhwmofj`)

    ni z{ ozz`s tnk`f{ pni dop{ ojjhwk`w pf` o{{`f{nhf {wz zqjnoi` io p`z{nhf kp kt`ihqq`m`f{ qwjhj` { {owknd k`zc`pf`z) pn q`p{ z` {wokpnw` qow pf jow{ k` ; 0 ofz ihwz kp qwhj`zzpz k` mo{pwo{nhf& Thni qhpwphn ni `z{ joqn{oi) qhpw i`zo{ei{`z) i`z f{wof`pwz) i`z qow`f{z) i`z fz`nlfof{z { i`z okmnfnz{wo{`pwz zqhw{ndz) k` gn`f jhmqw`fkw` i` qwhj`zzpz k`mo{pwo{nhf `{ z`z jhfzp`fj`z&

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    J`{ {o{ k` jehz`z `z{ qwhjjpqof{ fhf z`pi`m`f{ qhpwi`z o{ei{`z op kt`ihqq`m`f{ {owknd) monz opzzn qhpwj`pu op kt`ihqq`m`f{ qwjhj`& Kz p` i`z o{ei{`z pnz` kt`ihqq`f{ fhwmoi`m`f{ hp {owknt`m`f{ wo{{woq`f{i`pwz qonwz op kt`ihqq`m`f{ qwjhj`) j`z k`wfn`wz z`z`f{`f{ dwpz{wz) jow niz hf{ {hpchpwz mnz zpw i`pw z{ok`k` kt`ihqq`m`f{ qipz otofj) j`w{onfz flinl`of{k` kt`ihqq`w i`z eognin{z hp io jhfkn{nhf qe~znp`fj`zzonw`z& J`z{ onfzn p`) moie`pw`pz`m`f{) i`zo{ei{`z op kt`ihqq`m`f{ qwjhj` fnzz`f{ zhpt`f{ qowogofkhff`w i` zqhw{ t`wz il` k` ?; hp ?0 ofz qhpw jopz`

    k` dwpz{wo{nhf Io|w`fj`) ?>>>.& inft`wz`) i`z o{ei{`z op kt`ihqq`m`f{ {owknd zhf{fhwmoi`m`f{ `uqhzz ije`j pf c`pf` l`) kp don{p` j`w{onfz k` i`pwz qonwz op kt`ihqq`m`f{ qwjhj` i`pwzhf{ gnhihlnp`m`f{ zpqwn`pwz& Mm` zniz zoz{w`nlf`f{ pf `f{wof`m`f{ wnlhpw`pu) niz f` q`pt`f{ qoz z` m`zpw`wqe~znp`m`f{ opu op{w`z `{ niz zhf{ zhpt`f{ ionzzz k`j{ qow i`z `f{wof`pwz) j` pn i`z omf` tntw` k`z`uqwn`fj`z mowp`z qow iogz`fj` k` w`jhffonzzofj` `{k`fjhpwol`m`f{&

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    R[WOKPJ[NHF] Moie`pw`pz`m`f{) kofz i`z qwhlwomm`zk` kt`ihqq`m`f{ oj{p`i) fhpz hm`{{hfz zhpt`f{ k`ionzz`w opu o{ei{`z op kt`ihqq`m`f{ {owknd i` {`mqzpni i`pw dop{ qhpw wo{{woq`w i`z op{w`z zpw i` qiof k` iomo{pwn{ qe~znp` `{ qhpw kt`ihqq`w i`pwz eogni`{z& Opin`p k` j`io) j`z `fdof{z `f tn`ff`f{ zhpt`f{ pn{{`wi` zqhw{ pf c`pf` l`) qowj` pniz fhf{ qoz i` zpjjz`zjhmq{z `{ pniz zhf{ fhwmm`f{ dwpz{wz& J`{ `dd`{z` don{ zpw{hp{ z`f{nw je`s i`z lowhfz pn z` kt`ihqq`f{{owknt`m`f{) `f wonzhf kp kzotof{ol` jhfznkwogi` qowwoqqhw{ i`pw qonw kt`ihqq`m`f{ qwjhj` pn khmnf`&Nwhfnp`m`f{) ni `z{ qhzzngi` p` j`z lowhfz on`f{ i`qh{`f{n`i qhpw k`t`fnw k` {wz ghfz o{ei{`z) monz ni dop{ozzpw`w i`pw nmqinjo{nhf zqhw{nt` kofz k`z qwhlwomm`z k`poin{ pf c`pf` l` of k` dothwnz`w i` kt`ihqq`m`f{

    k`z eogni`{z zqhw{nt`z& Io|w`fj`) ?>>>&.Io qpginjo{nhf Op Jofoko) i` zqhw{ j`z{ qhpw io tn` Goi~n)\o~) Fhwwnz) Jowknfoi $ Enllz) 7110. kjwn{ i`z zjemoz k`jwhnzzofj` `{ k` kt`ihqq`m`f{ `{ j`wf` i`z knddw`fj`z`f{w` il` jewhfhihlnp` `{ il` hp i` z{ok` k`kt`ihqq`m`f{& I`z {`wm`z jwhnzzofj` `{ mo{pwo{nhf zhf{ zhpt`f{ `mqih~z k` dohf nf{`wjeofl`ogi`) monzniz w`fthn`f{ k`z oj{ntn{z gnhihlnp`z knz{nfj{`z&

    Io jwhnzzofj` kznlf` i`z jeofl`m`f{z hgz`wtogi`z)m`zpwogi`z) pof{nogi`z `{ qwhlw`zzndz pn {hpje`f{io mhwqehihln` fh{omm`f{ io {onii`) i` qhnkz `{ i`

    qhpwj`f{ol` k` {nzzpz oknq`pu& Io mo{pwo{nhf kznlf` i`z

    jeofl`m`f{z z{wpj{pwopu hp dhfj{nhff`iz inz op z~z{m`poin{o{nd pn z` qwhkpnz`f{ ihwzp` i` jhwqz qwhlw`zz` t`wzio mo{pwn{) qow `u`mqi` ihwzp` i` jow{niol` kp zp`i`{{`z` {wofzdhwm` `f hz&

    I` kt`ihqq`m`f{ ihfl {`wm` kp qow{njnqof{(o{ei{`%KI[Q(O. fj`zzn{` ink`f{njo{nhf kp w~{em` k`mo{pwo{nhf k` infkntnkp jwhnzzofj` qwjhj`) mh~`ff`hp {owknt`. `f tp` k` iioghwo{nhf k` qwhlwomm`zk`f{wof`m`f{) k` jhmq{n{nhf `{ k` wjpqwo{nhfq`w{nf`f{z pn {n`ff`f{ jhmq{` k`z mhm`f{z hqqhw{pfzqhpw kt`ihqq`w i`z jhmqhzof{`z qe~znp`z& Iomhwj`zhpkonf` k` jwhnzzofj` woqnk` `{ i` zhmm`{ o{{`nf{zhf{ k`z nfknjo{`pwz jiz qhpw iioghwo{nhf k` {`izqwhlwomm`z&

    J`w{onf`z nfjoqojn{z q`pt`f{ lwofk`m`f{ mhkn`w i`kt`ihqq`m`f{ k`z `fdof{z `{ k`z okhi`zj`f{z) pf doj{`pwpn khn{ {w` qwnz `f jhmq{` kofz i` {wotoni opqwz k`zo{ei{`z o~of{ pf eofknjoq&

    I` qnj k` jwhnzzofj` woqnk` zhpkonf` `z{ jowoj{wnz qowpf` ojjiwo{nhf k~ w~{em` k` jwhnzzofj` iokhi`zj`fj`I`z Dnlpw`z : `{ ; niipz{w`f{ io jhpwg` k` jwhnzzofj` je`si`z ii`z `{ i`z lowhfz w`zq`j{nt`m`f{) zhpinlfof{ i`zknddw`fj`z `f{w` i`z k`pu z`u`z& I`z w`qwz`f{o{nhfzlwoqenp`z {oginzz`f{ opzzn pf in`f `f{w` j`w{onf`zjowoj{wnz{np`z z`jhfkonw`z in`z op l`fw` `{ io

    jwhnzzofj`&

    Dnlpw` 7& I` qwhj`zzpz k` mo{pwo{nhf je`s i`z ii`z `{ i`z lowhfz %okoq{ `{ mhkn koqwz ihptwol` k`[off`w) ?>

  • 7/31/2019 Le Suivi de La Croissance

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    Je`s i`z ii`z) i` qnj k` jwhnzzofj` woqnk` zhpkonf` `z{o{{`nf{ `f lfwoi t`wz ?7 ofz& Io qw`mnw` mofnd`z{o{nhfqe~znp` k` iokhi`zj`fj` `z{ eogn{p`ii`m`f{ i`kt`ihqq`m`f{ k` io qhn{wnf`) pn zpwtn`f{ q`p oqwzi` kgp{ k` io qhpzz` k` jwhnzzofj` ojjiw`) zpntnk` ioqqown{nhf k`z qhniz qpgn`fz& Io mfowje`) hpioqqown{nhf k`z qw`mnw`z wli`z) z` qwhkpn{ pf q`poqwz io{{`nf{` kp qnj k` jwhnzzofj` woqnk` zhpkonf`&

    I` mhm`f{ h j`z kt`ihqq`m`f{z zpwtn`ff`f{ q`p{qwjk`w hp zpntw` il` mh~`f k` k`pu ofz hp qipz& Whzz $ Mowd`ii-Chf`z) ?>>?.

    Je`s i`z lowhfz) i` qnj k` jwhnzzofj` woqnk` zhpkonf``z{ qipz qwhfhfj p` je`s i`z ii`z `{ z` qwhkpn{eogn{p`ii`m`f{ k`pu ofz qipz {owk& Iojjwhnzz`m`f{k`z {`z{njpi`z) k`z qhniz qpgn`fz `{ kp qfnz `z{ in` opqwhj`zzpz k` mo{pwo{nhf& I` qnj k` jwhnzzofj` znlfnjo{nt`k` io dhwj` zpwtn`f{ `ftnwhf pf of `{ qipz oqwz io{{`nf{`kp zhmm`{ k` io jhpwg` k` jwhnzzofj` k` io {onii`& Onfzn)i`z o{ei{`z mozjpinfz qwz`f{`f{ k`z jowoj{wnz{np`z

    kmhf{wof{ pf nmqhw{of{ lonf {owknd `f dhwj`& Jhmm`qhpw i`z ii`z) i` kt`ihqq`m`f{ je`s i`z o{ei{`zmozjpinfz q`p{ qwjk`w hp zpntw` il` mh~`f k` k`puofz hp qipz& I`z lowhfz khf{ io mo{pwo{nhf `z{ qwjhj`q`pt`f{ khfj gfjn`w kpf otof{ol` qe~znhihlnp`qhptof{ oii`w cpzp po{w` ofz qow woqqhw{ opu lowhfzkhf{ io mo{pwo{nhf `z{ {owknt`& J`z k`wfn`wz w`chnfkwhf{t`f{p`ii`m`f{ i`z op{w`z ihwzpniz tntwhf{ i`pw qhpzz`k` jwhnzzofj` ojjiw`& Whzz $ Mowd`ii-Chf`z) ?>>?.&

    Dnlpw` :& I`z mofnd`z{o{nhfz k` mo{pwo{nhf je`s i`zii`z %Mhkn k` Whzz $ Mowd`ii-Chf`z) ?>>?.

    Dnlpw` ;& I`z mofnd`z{o{nhfz k` mo{pwo{nhf je`s i`zlowhfz %Mhkn k` Whzz $ Mowd`ii-Chf`z) ?>>?.

    [whnz l~mfoz{`z) i` mm` l` jewhfhihlnp`/

  • 7/31/2019 Le Suivi de La Croissance

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    Joqojn{ k`f{wof`m`f{

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    O qow{nw k`z jnf im`f{z k` goz` k` i`f{wof`m`f{`{ k` io q`wdhwmofj` `fkpwofj`) dhwj`) tn{`zz`)eogni`{z zqhw{nt`z `{ `ungnin{.) fhpz oiihfznk`f{n`w i`z qwnhk`z qwhqnj`z pf kt`ihqq`m`f{ojjiw k` j`z jhmqhzof{`z& Qhpw i` kt`ihqq`m`f{k` io tn{`zz`) k`z eogni`{z zqhw{nt`z `{ k` iozhpqi`zz`)il` jewhfhihlnp` q`p{ z`wtnw knfknjo{`pw&Monz qhpw i` kt`ihqq`m`f{ k` io dhwj` `{ k`i`fkpwofj`) j`z{ qip{{ il` k` kt`ihqq`m`f{ pnnmqhw{` `f {`fof{ jhmq{` k`z townof{`z nfkntnkp`ii`zkp w~{em` k` mo{pwo{nhf.& I` kt`ihqq`m`f{ k`j`z im`f{z nmqhw{of{z w`pn`w{ k`z qwhlwomm`z

    k`f{wof`m`f{ knddw`f{z) z`ihf pniz zhf{ k`z{nfz k`z zpc`{z pn jhffonzz`f{ pf` jwhnzzofj` woqnk``{ zhpkonf` qwjhj`) fhwmoi` hp {owknt`& J`zqwhlwomm`z k`twon`f{ zojjhwk`w op w~{em`nfkntnkp`i k` mo{pwo{nhf thnw oqq`fknj` 7.& @fk{`wmnfof{ i` w~{em` k` io jhpwg` k` jwhnzzofj` ionk` k` m`zpw`z m{wnp`z) hf q`p{ okoq{`w i`zqwhlwomm`z k`f{wof`m`f{) k` jhmq{n{nhf `{ k`wjpqwo{nhf opu g`zhnfz nfkntnkp`iz& Hf k`twon{jhmm`fj`w nfznz{`w zpw i`f{wof`m`f{ owhgn` iomhwj` kp qnj k` jwhnzzofj` woqnk` zhpkonf`i`z `unl`fj`z kp zqhw{ k{`wmnf`whf{ inmqhw{ofj`moc`pw` hp mnf`pw` k` i`fkpwofj` owhgn`.& @f j`pn jhfj`wf` i`f{wof`m`f{ k` io dhwj` mounmoi`)`ii` `z{ nf{whkpn{` poqwz io{{`nf{` kp qnj k`jwhnzzofj` woqnk` zhpkonf` Whzz `{ Mowd`ii Chf`z)?>>?2 G`pf`f `{ Ehmnz) 71112 Goi~n `{ Whzz) 711>o2Goi~n `{ Whzz) 711>g.& @f jhfzp`fj`) io {`jefnp`p{ninz` qhpw m`zpw`w io jhpwg` k` jwhnzzofj` woqnk`zhpkonf` w`t{ pf` lwofk` nmqhw{ofj` `{ k`twon{ {w`kfn` jionw`m`f{ ionk` kpf qwh{hjhi` znmqi` `{ogi` of konk`w i`z `f{wof`pwz `{ i`z qow`f{z ozzpw`w i` zpntn&

    I`z `f{wof`pwz `{ i`z qow`f{z q`pt`f{ p{ninz`w i`z m`zpw`z k`io z{o{pw` {onii`. otof{) q`fkof{ { oqwz io mo{pwo{nhf jhmm`lpnk` qhpw zpntw` i` z{ok` il`. k` kt`ihqq`m`f{ k`z`fdof{z& I` zpntn q`wm`{ opu `f{wof`pwz k` lw`w i`z qwnhk`zjwpjnoi`z hp z`fzngi`z kp kt`ihqq`m`f{ qe~znp` `fkpwofj`)dhwj`) tn{`zz` `{ zhpqi`zz`. `{ kp kt`ihqq`m`f{ k`z eogni`{zzqhw{nt`z& Il` kpf o{ei{` q`p{ {w` `uomnf z`ihf znu qhnf{zk` tp` knddw`f{z 3

    Jhmm`f{ m`zpw w io qhpzz` k` jwhnzzofj` QJ.Io q`wzhff` z` {n`f{ kwhn{ jhf{w` pf mpw) zofz jeopzzpw`z) i`z{oihfz {hpjeof{ i` mpw&M`zpw`w qow{nw kp zhi cpzpop k`zzpz k` io {{`&I`z m`zpw`z khnt`f{ {w` qwnz`z io mm` e`pw` k` io chpwf`)kofz iotof{-mnkn hp ioqwz-mnkn thnw io qwhjkpw` k{onii`opu qol`z ?: `{ ?;.&

    Qeoz` ? 3 k` io fonzzofj` 4 ofzJwhnzzofj` {wz woqnk`&M`zpw`w io {onii` k`ghp{ `{ qw`fkw` i` qhnkz io ko{`koffnt`wzonw` k` fonzzofj`&

    Qeoz` 7 3 k` 4 ofz cpzpop kgp{ k` io QJ

    Jwhnzzofj` wlpinw` cpzpop kgp{ k` io QJ&M`zpw`w io {onii` k`ghp{ { qw`fkw` i` qhnkz {hpz i`z {whnz mhnz&Zn io qwnz` k`z m`zpw`z o in`p i`u{wn pw kp khmnjni`)w`mqioj`w io ko{` koffnt`wzonw` k` fonzzofj` qow io ko{` k`kgp{ kp j~ji` offp`i k`f{wof`m`f{ `{ k` jhmq{n{nhf&

    Qeoz` : 3 Kp kgp{ k` io QJ cpzp iomhwj` kp qnj k`jwhnzzofj` woqnk`-zhpkonf`Jwhnzzofj` woqnk` cpzp iomhwj` kp qnj k` jwhnzzofj` woqnk`-zhpkonf`&M`zpw`w io {onii` k`ghp{) io {onii` ozznz `{ i`ft`wlpw` k`z gwoz{hpz i`z {whnz mhnz&

    Qeoz` ; 3 Qnj k` jwhnzzofj` zhpkonf`-woqnk` cpzp io i`f{`kjiwo{nhfKjiwo{nhf woqnk`&M`zpw`w io {onii` k`ghp{) io {onii` ozznz `{ i`ft`wlpw` k`z gwoz{hpz i`z {whnz mhnz&

    Qeoz` 0 3 K` io i`f{` kjiwo{nhf cpzp io f k` io jwhnzzofj`I`f{` kjiwo{nhf k` io jwhnzzofj` cpzp zo f&M`zpw`w io {onii` k`ghp{ {hpz i`z {whnz mhnz&

    Qeoz` 4 3 Dnf k` io jwhnzzofj`Dnf k` io jwhnzzofj`&M`zpw`w io {onii` { qw`fkw` i` qhnkz io ko{` koffnt`wzonw` k`fonzzofj`&

    Jhffonzzofj`z otofj`z Jhmm`f{ m`zpw`w io jwhnzzofj`

    il` jewhfhihlnp 2il` k` kt`ihqq`m`f{2il` zp`i`{{np`2il` k`f{wof`m`f{ zqhw{nd lfwoi2il` k`f{wof`m`f{ zqjnp` op zqhw{2il` w`io{nd&

  • 7/31/2019 Le Suivi de La Croissance

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    Dnlpw` 0& Mhm`f{z hqqhw{pfz qhpw hg{`fnw pf` okoq{o{nhf ojjiw` k` j`w{onf`z jhmqhzof{`z qowi`f{wof`m`f{ Goi~n `{ \o~) 7110.

    I` lwoqenp` pn zpn{ niipz{w` i`z mhm`f{z hqqhw{pfz k` qwnhk`z z`fzngi`z dothwnzof{ i` kt`ihqq`m`f{ ojjiwk` j`w{onf`z jhmqhzof{`z je`s i`z ii`z `{ i`z lowhfz& I` mhm`f{ oqqwhqwn `z{ w`in io jhpwg` k` jwhnzzofj`nfkntnkp`ii`& I`z gh{`z `fjokw`z kpf` inlf` qi`nf` wdw`f{ k`z jhmqhzof{`z qhptof{ {w` `f{wof`z `f dhfj{nhfk` il` jewhfhihlnp`& I`z gh{`z inlf` qhnf{nii`) w`qwz`f{`f{ k`z qwnhk`z z`fzngi`z `{ zhf{ w`in`z il` k`kt`ihqq`m`f{ kp c`pf` `{ qipz qow{njpinw`m`f{ iomhwj` k` io jhpwg` k` jwhnzzofj` woqnk`(zhpkonf`) zhfzhmm`{ `{ io kjiwo{nhf k` io jwhnzzofj` Goi~n `{ oi) 7110.&

    Eogni`{zzqhw{nt`z

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    @fkpwofj` owhgn`

  • 7/31/2019 Le Suivi de La Croissance

    10/30?1

    I`z znu qeoz`z k` io jwhnzzofj`

    Of kozzpw`w pf zpntn k` io jwhnzzofj`) fhpz k`thfz`f{w`qw`fkw` pf` pf` w`je`wje` ihfln{pknfoi` jowoj{wnz`qow pf` jp`nii`{{`z k` khff`z `{ pf` ofoi~z` k`zmhki`z `{ k`z lwoqenp`z Goi~n $ Whzz) 711>o2 Goi~n $Whzz) 711>g.& Io jwhnzzofj` woqnk`(zhpkonf` z` {wokpn{qow pf` eopzz` gwpzp` kp w~{em` k` io jwhnzzofj` iokhi`zj`fj`& J`z khff`z q`pt`f{ z`wtnw k` lpnk` zpwio jwhnzzofj` `{ io mo{pwn{ qe~znp`& @ii`z nfknp`f{loi`m`f{ i` w~{em` mounmoi k` jwhnzzofj` k`z `fdof{z&Io jwhnzzofj` zhmo{np` mpzjpih zb`i`{{np`. z` kwhpi``f znu qeoz`z3

    Qeoz` ? 3 K` io fonzzofj` 4 ofzJ`{{` qeoz` `z{ jowoj{wnz` qow pf` jwhnzzofj` {wz

    woqnk` je`s i`z fhpwwnzzhfz `{ pf` kjiwo{nhf {wz woqnk`oqwz il` k` 7 ofz& Hf w`jhmmofk` k` m`zpw`w io {onii`k`ghp{ `{ i` qhnkz jeop` offnt`wzonw`&

    Qeoz` 7 3 K` 4 ofz iomhwj` kp qnj k` jwhnzzofj`woqnk` zhpkonf`J`{{` qeoz` z` jowoj{wnz` qow pf` jwhnzzofj` wlpinw`k` 0 4 jm qow off` `f mh~`ff`.& Ni `z{ w`jhmmofkk` m`zpw`w io {onii` k`ghp{) io {onii` ozznz `{ i`ft`wlpw`k`z gwoz jeop` offnt`wzonw`& Zn i`z m`zpw`z zhf{qwnz`z kofz pf jipg zqhw{nd) hf khn{ qw`fkw` i`z qw`mnw`zkhff`z op kgp{ k` io fhpt`ii` off` k`f{wof`m`f{(jhmq{n{nhf& Kz phf jhfz{o{` p` i` qnj k` jwhnzzofj`

    woqnk` zhpkonf` `z{ omhwj) hf khn{ m`zpw`w io {onii`k`ghp{) io {onii` ozznz `{ i`ft`wlpw` k`z gwoz pf` dhnzqow {wnm`z{w` opu {whnz mhnz.& Q`fkof{ j`{{` qeoz`k` jwhnzzofj`) fhpz jwhnzhfz k`z qwnhk`z z`fzngi`z)dothwogi`z op kt`ihqq`m`f{ k` io tn{`zz`) k` io `ungnin{`{ k`z eogni`{z zqhw{nt`z& Il` jewhfhihlnp` q`p{ z`wtnwknfknjo{`pw qhpw nk`f{n`w i` mhm`f{ oqqwqwn&

    Qeoz` : 3 K` iomhwj` k` io qwnhk` k` jwhnzzofj`woqnk` zhpkonf` cpzp zhf zhmm`{J`{{` qeoz` z` jowoj{wnz` qow pf` jwhnzzofj` gwpzp` `{dpilpwof{`& Op jhpwz k` io qw`mnw` `{ k` io k`punm`off` k` io qhpzz` k` jwhnzzofj`) hf hgz`wt` pf lonf

    mh~`f k` < `{ k` > jm `ftnwhf je`s i`z lowhfz) `{ k`4 `{ 5 jm `ftnwhf je`s i`z ii`z %[off`w) ?>5>.& Ni `z{w`jhmmofk k` m`zpw`w io {onii` k`ghp{) io {onii` ozznz `{i`ft`wlpw` k`z gwoz jeop` {wnm`z{w` of k` k{`wmnf`wp`ii` qow{n` kp jhwqz lwofkn{ i` qipz woqnk`m`f{& I`zjeofl`m`f{z fh{z kofz i` j`f{w` k` lwotn{) io ihflp`pwk`z comg`z `{ i`ft`wlpw` k`z gwoz onk`whf{ i`f{wof`pw mn`pu jhmqw`fkw` i` qwhj`zzpz) qow `u`mqi` zoq`wj`thnwppf o{ei{`(chp`pw mofp` k` jhhwknfo{nhf `{ k`tn{`zz` qowj` pni `z{ `f qi`nf` jwhnzzofj` woqnk`) `{j&Q`fkof{ j`{{` qeoz`) iomhwj` kp qnj k` jwhnzzofj`

    woqnk` zhpkonf` `z{ i` mhm`f{ qwhqnj` qhpw kt`ihqq`w iojoqojn{ owhgn` `{) `f zoqqp~of{ zpw il` jewhfhihlnp`fhpz jwhnzhfz io k`punm` qwnhk` z`fzngi` qhpwkt`ihqq`w io tn{`zz`) Goi~n `{ Whzz) 711>o2 Goi~n `{ Whzz)711>g2 Z{oddhwk) 7110.&

    Qeoz` ; 3 Kp zhmm`{ k` io qwnhk` k` jwhnzzofj` woqnk`zhpkonf` pf` jwhnzzofj` woi`f{n`J`{{` qeoz` z` jowoj{wnz` qow pf` kjiwo{nhf woqnk`2io jwhnzzofj` `z{ k`ftnwhf < jm je`s i`z lowhfz `{ k` 4jm je`s i`z ii`z op jhpwz k` io qw`mnw` off` pn zpn{i` qnj) `{ k` : jm op jhpwz k` ioff` zpntof{` [off`w)?>5>.& Ni `z{ w`jhmmofk k` m`zpw`w io {onii` k`ghp{) io{onii` ozznz `{ i`ft`wlpw` k`z gwoz jeop` {wnm`z{w` qhpwzpntw` i` qwhj`zzpz k` kjiwo{nhf k` io jwhnzzofj`&

    Q`fkof{ io qeoz` k` kjiwo{nhf k` io jwhnzzofj`) hfq`p{ k{`wmnf`w io qwnhk` z`fzngi` qhpw kt`ihqq`w iodhwj` `{ io qpnzzofj` owhgn` %thnw lpw` 0.& @f kop{w`z{`wm`z) hf khn{ `f{wof`w io qpnzzofj` owhgn` oqwz i`qnj k` jwhnzzofj` woqnk`(zhpkonf`& Je`s i`z ii`z) hf q`p{ojj`f{p`w i`f{wof`m`f{ k` io dhwj` {hp{ k` zpn{` oqwz i`zhmm`{ k` jwhnzzofj` woqnk` zhpkonf` hp pofk zpwtn`f{io mfowje`& Je`s i`z lowhfz) hf k`twon{ o{{`fkw``f{w` ?7 `{ ?5 mhnz oqwz i` qnj k` jwhnzzofj` woqnk`zhpkonf` otof{ kojjhwk`w pf` nmqhw{ofj` qwnhwn{onw` i`f{wof`m`f{ k` io dhwj` Whzz `{ Mowd`ii-Chf`z) ?>>?2G`pf`f `{ [ehmnz) 71112 Ofk`wzhf `{ G`wfeowk{) ?>>5.&

    Qeoz` 0 3 K` io i`f{` kjiwo{nhf k` io jwhnzzofj`cpzqp zo dfPf` i`f{` kjiwo{nhf zomhwj` pf hp k`pu ofz oqwzothnw o{{`nf{ i` zhmm`{ kp qnj k` jwhnzzofj` woqnk`zhpkonf` `{ qw`fk f ihwzp` io jwhnzzofj` `z{ owwnt` zhf {`wm` [off`w) ?>5>.& Ni `z{ w`jhmmofk k`qw`zjwnw` k`z jeowl`z k`f{wof`m`f{ qwhlw`zznt` `{qow{njpinw`m`f{ k` inf{`fzn{) io zpn{` k` knolfhz{njz&Kofz j`{{` qeoz`) {hpz i`z z~z{m`z q`pt`f{ {w``f{wofz& Itoipo{nhf k` i{o{ k`f{wof`m`f{ z`wtnwo nk`f{n`w i`z g`zhnfz k` io{ei{` `{ k` ipnq`&

    Qeoz` 4 3 Dnf k` io jwhnzzofj`Q`fkof{ j`{{` qeoz`) ni `z{ w`jhmmofk k` k{`wmnf`w i`zjeowl`z k`f{wof`m`f{ `{ qow{njpinw`m`f{ k` inf{`fzn{`f dhfj{nhf k`z dhwj`z `{ k`z dongi`zz`z knolfhz{np`zje`s io{ei{` ( pnq`& Onfzn) infdhwmo{nhf w`jp`niin`zpw iomhwj` kp qnj k` jwhnzzofj` woqnk` zhpkonf`) i`zhmm`{ o{{`nf{ `{ ioqqown{nhf k`z qw`mnw`z wli`z)lwj` opu m`zpw`z qwjhfnz`z) k`twon{ q`wm`{{w` i`f{wof`pw khq{nmnz`w i`f{wof`m`f{ k` io{ei{`qpgw`& I`f{wof`pw k`twon{ {nw`w qwh{ k`z qhzzngnin{zphddw`f{ i`z qwnhk`z z`fzngi`z kokoq{o{nhf ojjiw` i`f{wof`m`f{&

  • 7/31/2019 Le Suivi de La Croissance

    11/30

    pnq`m`f{ ojj`q{ogi` 3Pf of{ewhqhm{w` hp pf wpgof k` m`zpw`w{woj{ogi` `f ojn`wPf` p`ww` jhpinzzof{`Pf qiofje`w inzz` dhwmof{ pf ofli` k` >1 k`lwzot`j pf mpw kwhn{

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  • 7/31/2019 Le Suivi de La Croissance

    12/30?7

    Qhpwphn `z{ j` nmqhw{of{ p` i`z m`zpw`z zhn`f{`uoj{`z8

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  • 7/31/2019 Le Suivi de La Croissance

    13/30

    Dnlpw` >& M`zpw`w io {onii` k`ghp{Dnlpw` 5& M`zpw`w io {onii` ozznz

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  • 7/31/2019 Le Suivi de La Croissance

    14/30?;

    Qwh{hjhi` qhpw m`zpw`w i`ft`wlpw` k`z gwozZnmmhfz) 7111.

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  • 7/31/2019 Le Suivi de La Croissance

    15/30

    O p`i mhm`f{ khn{ hf m`zpw`w io jwhnzzofj`8

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  • 7/31/2019 Le Suivi de La Croissance

    16/30?4

    Jhmm`f{ p{ninz`w infdhwmo{nhf w`jp`niin` zpw iojwhnzzofj`

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