Report
France: government deficit vs households savings
The confinement of France’s population began on 17 March. Emmanuel Macron announced yesterday that as of 11 May some, but not all, activities could resume a more normal course. For two months, entire sectors of the economy will have been shut down, largely (services, industry) or almost entirely (construction, tourism). Confinement reduces the level of activity and consumption by 35%. Each month of lockdown therefore cuts growth by about 3 points. In 2020, the contraction of real...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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