Natixis - Let us not be too optimistic about the 2021 growth rate in France

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Natixis

Patrick Artus

Let us not be too optimistic about the 2021 growth rate in France

Available growth forecasts for 2021 for France are quite optimistic: 7% for the Bank of France, 8% for the French government, 7.3% for the IMF, 7.4% for the European Commission and 7.7% for the OECD. Should we believe in growth rates of 7 to 8% in France for 2021? There is reason to be concerned about: The rise in unemployment and in bankruptcies, which has not yet begun; The rise in inflation and the small wage increases; Companies' problems and excessive debt; Offshoring caused by the high level of production costs.

20/07/2020 5 EN

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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.

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Analysts

Patrick Artus

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Let us not be too optimistic about the 2021 growth rate in France

Long Bono 01/41 vs. Short Bund 05/41

Overview of the Asian covered bond market

Consolidation after the euphoria?

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