Report
France: the shock will be wiped out in 2022 - at best
The French economy hit its low point in April when it was operating at 66% of its capacity used before lockdown. At end-May, activity has returned to 80% of this level. Leading indicators suggest that it might approach the 90% mark in June. The 100% threshold is unlikely to be reached any time soon, however, let alone exceeded. One reason is that some restrictions will likely remain in place to limit risks to public health. Another is that the shock was so violent that lasting re...
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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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