DIn the big uple-all of world trade that takes shape, under the gaze of an unpredictable Donald Trump, France is not completely devoid of assets. It enjoys a central position, at the heart of the euro zone, a large workforce, infrastructure that we envy today a Germany determined to go up the slope, thanks to its plan « bazooka » of some 500 billion euros. And, more surprisingly, it is not so bad in terms of wage costs in front of its economic rivals.
In any case, this is what emerges from the work of the National Productivity Council (CNP), an independent body responsible for advising the government on economic policies. Certainly, since the 1990s, “China has nibbled”concedes Natacha Valla, the president of the CNP, who presented, Monday, April 14, the conclusions of the last works. But France is not alone in this galley: Germany and, to a lesser extent, the United States, today cornocked by a Revunchard Donald Trump, also suffered unbeatable cost costs made in China.
Gain in productivity
But, today, thanks to the supply policies implemented by Emmanuel Macron since his arrival at the Elysée and the measures taken to compensate for the energy shock following the invasion of Ukraine by Russia, the lines have moved. “France is more competitive than Germany in terms of wage costs”assure Mme Valla. Besides, the French current balance has been straightening up for two years. Hexagonal consumer products are equal to Italian or Spanish products on foreign markets. Similarly, France is more competitive than before the COVVI-19 in terms of energy or intermediate goods.
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