YoIn the great global trade division that is taking shape under the surveillance of an unpredictable Donald Trump, France is not completely devoid of assets. Enjoy a central position in the heart of the Eurozone, a great workforce and infrastructure that even Germany, determined to raise the slope with its “Bazuca” plan of around € 500 billion, envy today. More surprisingly, it does not occupy so badly in terms of salary costs compared to its economic rivals.
This is at least what arises from the work of the Conseil National of Productivité (CNP, National Productivity Council), an independent agency responsible for advising the government about economic policies. It is true that, since the 1990s, “China has eaten everything,” said the president of the CNP, Natacha Valla, who presented the conclusions of the last work on Monday, but France is not alone in this fight: Gerff, Nuis Lesser Tesser also suffered the ineffectable production costs of the products made in China.
Productivity increase
Today, he thought, thanks to the policies on the offer of the offer implemented by Emmanuel Macron since he touched the office in the Elysée, as well as measures the tasks to mitigate the energy shock after the invasion of Russia of Ukraine, the lines have changed. “France is more competitive than Germany in terms of salary costs,” said Valla. In addition, the balance of France’s current account It has improved for two years. French consumer products remain their own against Italian or Spanish products in foreign markets. Similarly, France has been more competitive than before COVID-19 in terms of energy or intermediate goods.
You have 57.14% of this article to read. The rest is only for subscribers.
]
