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Recession or not. in terms of growth, you have also had a deterioration. last september, expecting growth to be about 1.2%. now, the fed is expecting growth this year to be less than half a point. again, not quite a recession. we re kind of operating at stall speed. lower growth projections for 2024. hopefully a resumption. never getting really all that much robust growth in the immediate future. steve, you also have a new op-ed in the new york times, entitled is working from home really working? in it, you write, quote, working from home, the great resignation, quiet quitting, whatever you want to call it, the attitude of many americans toward work has appeared to have changed during the long pandemic. and, generally speaking, not for the better. the new approach threatens to do long-lasting damage to economic growth and prosperity. the changing work habits have spawned a push for a codification of what may already be a reality. ....
Tell us about the scale of the disruption there today in france. it is significant, without being kind of. the place is not grinding to a halt. most people want to work and are going to work. because of changing work habits, people can work from home now. so the public sector and public transport disputes, which is to be very difficult times for the government, very disruptive, are less so now. that is a point in the government s favour. none the are running in for fewer numbers, trains, commuter trains into city trains as well. schools is a real problem, lots of people going to have problems looking after children today because primary school teachers are not turning up. so, yes, one of those days that the french are used to, the french are used to comedy happen periodically where we all have to sort of organise and find other ways to do what we normally have to do. as i say, the changing work system with more and more people working ....