Country report France 2019

Landerapporter

  • Frankrig
  • Generel økonomi

28 May 2019

With more than 55,000 business failures expected in 2019, the number of insolvencies will still be as high as during the start of the 2008 credit crisis.

 

francefrance3

 

The insolvency level remains high in 2019

After declines of 8% in 2016 and 6% in 2017, French business insolvencies decreased only 1% in 2018, and in 2019 a small increase is expected, in line with the ongoing economic stagnation. With about 55,000 cases forecast in 2019 the number of business insolvencies will still be as high as in 2008.

 

france

 

Economic growth expected to stagnate in 2019

The economic expansion is expected to stagnate at about 1.5% annually in 2019 and 2020 due to sluggish domestic demand and lower export growth.

Business sentiment has been impacted by the ongoing social protests and constraints in terms of labour supply and production capacity.   

Corporate debt has increased to more than 70% of GDP, and further increases could make French businesses vulnerable to a faster than expected rise in interest rates by the European Central Bank.

At almost 100% of GDP (up from 67% of GDP in 2008), French central government debt remains among the highest in the eurozone. It seems that more measures are required to curb public spending, which, at 57% of GDP, is the highest in the eurozone.

However, additional fiscal spending as a reaction to the social protests will lead to a higher budget deficit in 2019, above the Maastricht deficit threshold of 3% of GDP.

 

 

 

 

Relaterede dokumenter

Ansvarsfraskrivelse

Oplysningerne heri er udelukkende informative og må ikke bruges til andre formål. Se venligst den aktuelle police eller den relevante produkt- eller serviceaftale for de gældende betingelser. Intet heri medfører nogen rettighed, forpligtelse eller ansvar på vegne af Atradius, herunder enhver forpligtelse til at foretage due diligence af købere eller på dine vegne. Hvis Atradius foretager en due diligence vedr. en køber, er det for egne forsikringstekniske formål og ikke til fordel for den forsikrede eller nogen anden person. Ydermere må Atradius eller dets tilknyttede virksomheder eller datterselskaber ikke på noget tidspunkt være ansvarlig for direkte, indirekte, konkret dokumenterede tab eller følgetab, der måtte opstå som følge af brugen af udtalelserne i denne information