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Slow recovery of production: the danger of losing export market share

2020-04-24T21:43:13.484Z


DECRYPTION - The French industry would operate at around 50%, while it "runs at full speed in Germany and Northern Europe".


"France does things pretty well, and yet we will end up stuffing turkeys." This comment from an economist consulted every Monday by Bruno Le Maire reveals a concern that is beginning to appear everywhere, including the Treasury. At the end of the crisis, the Hexagon could well be doubled for export by countries which would restart their productive activity faster. "It will be everyone for himself, whoever is ready will go first," predicted an expert. Such a scenario would be calamitous for France, already badly placed on the external markets.

Read also: Coronavirus: the proposals of the deputy LR Olivier Marleix to strengthen the French industry

Today, the share of French exports in those of the euro zone stands at 14.3%, against nearly 18% in 2000, according to the annual study carried out by Rexecode. It would be a shame, while France has been struggling for five years to regain competitiveness so as not to lose market share and resist international competition, if a delay in ignition comes to wipe out the efforts made.

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Source: lefigaro

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