Report
Patrick Artus

Has France’s attractiveness “really” improved?

Various developments should have led to an improvement in France’s attractiveness: The reduction in taxes on capital and capital income, which facilitates investment in corporate capital; The reduction in taxes on earnings and, above all, in corporate social contributions and production taxes, which reduces production costs; The efforts to improve skills (reform of vocational training, support for apprenticeships, support for young people in difficulty); The aid for modernisation and reindustrialisation, in the Recovery Plan and the Investment Plan. But are there any real signs of improve d attractiveness? When we look at investment, corporate modernisation investment, foreign direct investment, manufacturing employment, industrial production, foreign trade, since 2016 we see: Some signs of improvement, concerning investment, modernisation, employment and direct investment; But no improvement in industrial production or industrial foreign trade, which must be explained.
Provider
Natixis
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.

 

Analysts
Patrick Artus

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