“France is not devoid of assets in international competition” | EUROtoday

DIn the large uple-all of world commerce that takes form, underneath the gaze of an unpredictable Donald Trump, France is just not utterly devoid of property. It enjoys a central place, on the coronary heart of the euro zone, a big workforce, infrastructure that we envy right this moment a Germany decided to go up the slope, because of its plan “Bazooka” of some 500 billion euros. And, extra surprisingly, it’s not so unhealthy by way of wage prices in entrance of its financial rivals.

In any case, that is what emerges from the work of the National Productivity Council (CNP), an unbiased physique liable for advising the federal government on financial insurance policies. Certainly, because the Nineties, “China has nibbled”concedes Natacha Valla, the president of the CNP, who introduced, Monday, April 14, the conclusions of the final works. But France is just not alone on this galley: Germany and, to a lesser extent, the United States, right this moment cornocked by a Revunchard Donald Trump, additionally suffered unbeatable price prices made in China.

Gain in productiveness

But, right this moment, because of the availability insurance policies carried out by Emmanuel Macron since his arrival on the Elysée and the measures taken to compensate for the vitality shock following the invasion of Ukraine by Russia, the traces have moved. “France is more competitive than Germany in terms of wage costs”ensures m^me Valla. Besides, the French present steadiness has been straightening up for 2 years. Hexagonal shopper merchandise are equal to Italian or Spanish merchandise on international markets. Similarly, France is extra aggressive than earlier than the COVVI-19 by way of vitality or intermediate items.

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