The National Accounts of 1980 - The year 1980 was characterized — in France as worldwide — by a reversal of trends leading to sluggish growth due to the sharp increases in oil costs throughout 1979. Although less severe than in 1974-1975, the current recession seems, nevertheless, to be more persistant. The reaction to the crisis of 1979 was different than that of 1974, due to the gradual adaptation to the low growth typical of the period. Households maintained a certain level of consumption at the expense of their rate of savings, while firms generally changed their policies of equipment replacement. This had a negative effect upon the industrial competitiveness of France, especially in the domestic market.L'année 1980 est marquée, pour la...