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Coronavirus: French morale at its lowest

2020-11-27T11:22:49.953Z


Never has the state of mind of the French been so worried since the social crisis of the yellow vests. They are even more worried


We would have bet a little, as the barometer of our moods, in recent months, is unanimously indexed on a certain pessimism.

Pandemic, economic crisis, environmental crisis, days that are getting shorter, doubts about the end-of-year celebrations ... Result: household morale in France fell in November to its lowest level since the yellow vests crisis in December 2018, at stronger demonstrations.

Compared with October, the synthetic indicator which reflects household confidence loses four points and falls to 90, the long-term average being 100, specifies the National Institute of Statistics.

In April, during the first confinement, however more restrictive, morale had fallen to 95 points.

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It is therefore urgent to do the big back.

“In November, households are much less optimistic about their future financial situation” and “the proportion of households considering that it is appropriate to make major purchases drops sharply,” INSEE said this Thursday morning (details to be read here ).

Another bad sign for consumption and the recovery of the economy, the share of households who express the need to save "is increasing again", although they have already invested nearly 100 billion since the start of the crisis.

Because the population is very pessimistic about the evolution of its standard of living: 65% of French people believe it will drop, against only 56% in October and 46% in September.

Source: leparis

All business articles on 2020-11-27

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