Oddo BHF - Yellow card for France’s budget

Report

Oddo BHF

Bruno Cavalier

Yellow card for France’s budget

March is not yet over and France’s budget for 2024 has been called offside. The first warning came some weeks ago when the government lowered its over-optimistic growth assumption (revenues will feel the pinch). The second warning was sounded a few days ago and has now been made official: the 2023 budget deficit has been revised upwards by € 17bn to 5.5% of GDP. Reaching 4.4% in 2024 is now almost mission impossible The budget for the ministries has been cut by € 10bn, other cuts...

27/03/2024 1 EN

Provider

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.

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Analysts

Bruno Cavalier

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Yellow card for France’s budget

Logitech : PC cycle and leadership in gaming: the winning combo

Nordic Semiconductor : Solid momentum in the short term, already well priced in, and probably overestimated in the long term

Logitech : Cycle PC et leadership dans le Gaming : le combo gagnant

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