French bank accounts will continue to fill in the coming weeks.
The effect is mechanical: with each new turn of the screw on health constraints, household purchases decline, and savings soar.
In November 2020, during the second confinement, consumption had fallen by 19% and, in April, by 34%.
According to forecasts from the Banque de France, dating from mid-March, after reaching 110 billion euros in 2020, the financial savings surplus would climb to 165 billion euros this year, or even more since economists have made their forecasts before the announcement of the current containment.
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The eradication of the pandemic, and in the process the lifting of health constraints, is the first prerequisite for a reversal of the trend.
Cafes, hotels, restaurants represent 6% of the consumption structure of the French, culture, the same proportion.
The reopening of these sectors should then be accompanied by a franc
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