Report
France: Companies’ odd inability to maintain their cost competitiveness
France has for a long time suffered from insufficient cost competitiveness given its level of product sophistication, has lost market shares and has deindustrialised. Despite these problems, companies have not restored their cost competitiveness, neither by using wage restraint nor by moving up the value chain. This problem has worsened in the recent period, when wages have accelerated without companies reacting by improving their efficiency, which confirms companies’ inability to maintain their competitiveness.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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