Conjuncture

Coronavirus: France has entered a recession

GDP plunged 6% in the first quarter of 2020, according to a first estimate from the Banque de France, unveiled this Wednesday morning. The worst decline since the end of World War II, after an already negative last quarter of 2019. Some sectors, including construction and market services, have seen their activity drop by more […]

Conjuncture

Hubert Mongon (UIMM): “Do everything to ensure that confinement does not prevent the restart of activity”

Health measures to protect employees, government aid, prospects for resumption of activity: three weeks after the entry into force of the confinement, the general delegate of the Union of industries and metallurgy trades (UIMM), Hubert Mongon, makes update on the economic and social situation of the industry in an interview with “Echos”. In the metallurgy, […]

Conjuncture

France’s trade deficit narrowed somewhat in 2019

France’s trade deficit reached 58.9 billion euros last year, Customs said on Friday. It fell by almost 4 billion euros compared to 2018 thanks to the dynamism of exports, particularly in aeronautics and pharmaceuticals. Things are looking a little better on the trade balance front. France’s external accounts improved in 2019. According to customs figures, […]

Conjuncture

Coronavirus: no surge in bankruptcy filings for the moment

On the toll-free number set up by administrators and legal representatives, 40% of calls come from hotels, restaurants or shops. The court offices have not yet observed an increase in bankruptcy filings, but the first wave is expected at the end of April. Partial unemployment, compensation of 1,500 euros, deferral of charges … In the […]

Conjuncture

Coronavirus: two weeks of confinement erased five years of growth

The Banque de France estimates that the French economy is running at two-thirds of its productive capacity and that the GDP has already fallen by 6% in the first quarter. The debate on the trade-off between health cost and the economic cost of containment will necessarily intensify. The violence of the fall is now known. […]

Conjuncture

Household consumption should support activity in 2020

With the purchasing power gains, household consumption should hold up well. But it will lead to an increase in imports. In a context of the global economic slowdown, foreign trade will weigh on GDP this year. It was the bulwark against the upheavals of the world economy. But with the slowdown in consumption at the […]

Conjuncture

Growth: Bercy’s 2020 target already weakened

GDP fell by 0.1% in the fourth quarter of 2019. Strikes partly explain this decline, but other factors have played a role, particularly in the automobile sector. The momentum for 2020 is weak. The government’s objective of 1.3% growth this year already seems difficult to achieve. The cocorico did not last very long. French economic […]

Conjuncture

Coronavirus: economists blacken their forecasts for France

The Minister of the Economy, Bruno Le Maire, is preparing the spirits for a strong recession this year in France. Many economists are now banking on a drop in GDP of more than 5%. “The worst growth figure that has been made by France since 1945 is in 2009 after the great financial crisis of […]

Conjuncture

Coronavirus: French growth could be impacted

According to the Minister of the Economy Bruno Le Maire, the coronavirus epidemic which is currently raging risks costing France 0.1 point of growth in 2020. A forecast that could worsen if the situation does not improve. Appeared in the heart of China, the coronavirus could impact French growth. On Thursday, the Minister of the […]