Do the dissolution of the National Assembly and the ongoing legislative elections have an impact on French growth? Yes, according to the president of the Confederation of Small and Medium-Sized Enterprises (CPME), who estimates that France has lost a quarter.
The dissolution of the Assembly in the face of French growth
The president of the Confederation of Small and Medium-Sized Enterprises (CPME), François Asselin, was interviewed on BFM Business today. According to him, the political turmoil currently taking place in France have real consequences on entrepreneurship, with lower risk-taking :
“I believe that we have lost a quarter of growth. We can clearly see that entrepreneurs, before jumping in and taking risks, are paying attention to their near future.”
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François Asselin also notes that the summer holidays have started, and that there is already a natural slowdown in France at this time. But this will be amplified this year by political issues. :
“The invisible man in economics is trust. And trust is based on stability. »
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A slow summer in France?
Hence the reluctance of entrepreneurs, and also of markets which are closely following the outcomes of this electoral period. According to the president of the CPME, “This is a quarter that we will not catch up on, I don't think.”.Investments and possible hiring by employers will therefore certainly have to wait for more clarity.
🌐 Also in the news – “High” inflation until 2026: ECB abandons its 2% target by 2025
We remind you that The rating agency Standard & Poor's (S&P) recently downgraded France's rating : its debt has gone from AA to AA – . Furthermore, France's deficit is the second highest in Europe in 2023. The current political turmoil therefore only serves to amplify current economic uncertainties.
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Source: BFM Business
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A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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