Is the French government providing enough support to companies?

To find out to what extent the French government has provided enough support to companies in 2020, we compare the loss of GDP, the fiscal deficit and the trend in household income: by difference, we can calculate how much of the loss of income is still borne by companies. We then see: For France, an income loss for companies of around 2.4% of GDP in 2020, with an increase in the fiscal deficit of 8.2 percentage points of GDP compared with a loss of GDP of 11.8%; For all euro-zone countries as a whole, no income loss for companies, with an increase in the fiscal deficit of 9 percentage points of GDP compared with a loss of GDP of 8.8%. Support to companies is therefore weaker in France than in the euro zone as a whole. This difference between France and the other euro-zone countries may explain why French companies are using borrowing to a greater extent than companies in the euro zone as a whole and why the deterioration in the balance sheet situation is worse in France than in the other euro-zone countries .