Report
Bruno Cavalier

France: it was a very bad year

From beyond the grave, Frank Sinatra's voice could sing about the vicissitudes of France to the tune of one of his most famous hits but changing just one word in the chorus: It was a very bad year. As fiscal uncertainty and political instability drag on, with little hope of a lasting resolution in the near term, the real economy is weakening not all at once, but gradually. Investment spending is falling, private sector employment has stagnated since the spring and hiring prospects are deteriorating. There is no traction to be expected from external demand. In short, France is showing all the signs of an economy slipping into a recession.
Provider
Oddo BHF
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.

Analysts
Bruno Cavalier

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