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French competitiveness deteriorated markedly in 2020

2021-03-03T11:55:44.748Z

The disruption of the balance caused by the Covid-19 epidemic has affected all European countries but France has particularly suffered, according to the Rexecode institute.



France's competitiveness indicators fell sharply in 2020 compared to its European neighbors, according to an annual report published on Wednesday by the Rexecode institute.

The disruption of the balance caused by the Covid-19 epidemic has affected all European countries but France has suffered particularly, with exports of goods and services which have "

contracted more strongly than total exports did. countries in the euro zone

, ”noted Rexecode.

Read also: France's trade deficit widened in 2020

France's share in exports of goods and services to the euro zone has thus fallen from 14.5% to 13.5%, "

its lowest level for 20 years

", according to the institute, reputed to be close to employers. .

While the loss of market share was even more pronounced for exports of goods (from 13.9% to 12.7%), this poor performance of France is not attributable to its industrial specialization, particularly in aeronautics. , hit hard by the cessation of tourism.

The decrease in the French share concerns "

almost all product categories

" and "

rather suggests a general fragility in 2020 in the export performance of the French productive apparatus

", according to the institute.

Because the health restrictions imposed in France, however particularly strong during the first confinement of spring 2020, were not "

in proportions that can justify the decline observed

", says Rexecode.

"Production cost handicaps"

The institute notes in particular that "

France does not seem to have tightened further, on average over the year, the distancing measures than in Spain or Italy in 2020, which did not however record any loss of market share. the export of their goods.

"

It is too much to say whether the relapse of French competitiveness indicators, interrupted from 2017 to 2019, "

will be temporary or portend a return to a negative trend

", concludes Rexecode, who notes that despite the reductions in charges from which we benefited companies in France since 2014, “

some production cost handicaps, particularly tax handicaps, remain

”.

To improve industrial competitiveness, from 2021 the government lowered production taxes, higher than elsewhere, by 10 billion euros.

Source: lefigaro

All news articles on 2021-03-03

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