The economic impact of the coronavirus is increasing every day. Bruno Le Maire even judges that this crisis is comparable to that of 1929, which had completely ruined many companies. We are not there yet. But most of the large French companies, which have started to assess the impact of the crisis on their activity, are already seeing the damage ...
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This is the case with Bouygues, for example, which no longer gives financial targets for this year, already deemed too unpredictable. Its subsidiary TF1 , in particular, was very impacted by the collapse of the advertising market.
At Vinci , we are also seeing the situation deteriorate sharply: in the first three weeks of March alone, air traffic at its airports fell by 40%. And car traffic has decreased by 20% on its highways.
Lack of electricity next year?
And the situation has obviously gotten worse in recent days. Pernod Ricard saw an 80% drop in sales at airports and train stations. The group said, however, expect a recovery in April in China, a capital market for him.
BIC for its part is advancing production problems with factories closed almost everywhere.
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EDF is also talking about a possible lack of electricity next year, its maintenance program for power plants being completely turned upside down.
So we haven't finished seeing the consequences of the current period. Even if the government multiplies measures to support businesses, it is difficult to predict the extent of the wave that is about to hit the French economy.
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