France's economic growth rate has been falling at a catastrophic rate for the past 65 years

 The last two posts discussed the rapid decline in the US growth rate since 1960 and the very rapid decline in the UK growth rate over the same period. In the US, the growth rate fell from 2.5% per year in 1960 to 1.2% in 2022. In the UK, the decline was from 2.8% to 0.8% over the same period. But the UK economy is still growing much better than France. Figure 1 shows a graph of annual real GDP per capita growth from 1960 to 2022. The regression line shows a constant decline in average annual growth, while the US has been growing weakly and the UK has been declining very weakly. Figure 2 shows the full horror of the current situation in France. The GDP growth rate fell from 4% per year in 1960 to 0(!)% in the 2020s. This is a catastrophic decline that threatens France with a very bleak future. France is formally entering an era of permanent recession. A trifle, but...

Figure 1.

Figure 2.