France remains the most attractive country for foreign investment in Europe, for the 5th consecutive year

France remains the most attractive country for foreign investment in Europe, for the 5th consecutive year
France remains the most attractive country for foreign investment in Europe, for the 5th consecutive year

AA / Tunis / Salim Boussaïd

France has maintained its position as the leading attractive country for foreign direct investment (FDI) in Europe, despite a 5% decline in the number of projects in 2023 compared to 2022.

This is what emerges from a report made public Thursday May 2, 2024 by EY Consulting (Ernst & Young Global Limited) and consulted by Anadolu.

“France remains the most attractive European country, despite a 5% decline in projects. The United Kingdom appears in second position (+6%). Germany comes in third position, marked by a 12% drop in projects. investment projects.

According to the same Source, France attracted 1,194 foreign projects in 2023, compared to 1,259 in 2022.

The report does not give figures on the volume of investments in euros. However, in terms of jobs, no less than 39,773 positions will be created in France in 2023.

The EY Consulting Report shows a general downward trend in Europe in 2023, but which remains cyclical.

“5,694 FDI projects were announced in Europe in 2023, a number down 4% compared to 2022, 11% compared to the level observed in 2019, just before the pandemic, and 14% compared to record established in 2017,” detailed the same Source.

“This slowdown can be explained quite easily. Geopolitical tensions, notably the Russian-Ukrainian conflict, have fueled inflationary tensions and undermined economic growth already undermined by the multiple ruptures underway,” analyzes the report.

EY Consulting consolidates its results with data from the United Nations Conference on Trade and Development (UNCTAD) which notes a 20% decline in FDI in Europe, compared to an increase of 2% in the United States, and 8% in China and 17% in Asia in 2023.

The data on FDI are the result of a survey, “which is based on information collected from 500 business managers”.

This survey shows that “the drop in investment should only be temporary”.

“When asked about the most attractive countries in terms of investment, France comes out on top, ahead of Germany and the United Kingdom,” replied the business leaders surveyed.

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