Regional economies have not all been affected equally by the coronavirus crisis. INSEE publishes a map to measure differences, region by region. Corsica and Ile-de-France suffer a sharp deterioration in their economic activity when Brittany is the least affected region. Surprisingly, the weakest areas are not necessarily those where the virus has circulated the most.
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Tourist areas are severely affected by the economic impact of the crisis. According to INSEE, it is in Corsica that it is most felt. In fact, a third of the local economy is based on tourism, hotels, cafes and restaurants. Île-de-France comes second, because of the hyper-concentration on its territory of service and office activities which are idling. For these regions, resumption of activity is crucial. As a reminder, Île-de-France represents a third of French economic activity.
During the # COVID19 containment, the loss of economic activity in each region depends a priori above all on its sectoral structure. An insight into the point of # conjuncture @ InseeFr of May 7 therefore attempts a territorial variation of the estimated losses https://t.co/Z1kz9RvSKhpic.twitter.com/9asHFEngPv
- Julien Pouget (@J_Pouget) May 7, 2020Aeronautics and viticulture impacted in the southwest
Brittany, little affected in terms of health, manages to preserve its economic activity thanks to its agro-food sector. The operation of this sector was in fact almost not hampered by containment, in particular due to the high demand for food.
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INSEE also publishes department by department figures. Haute-Garonne is very impacted due to the importance of the aeronautical industry. Behind Airbus are some 500 small and medium-sized subcontracting companies. More generally, the south-west of the country is suffering from the drop in wine consumption. The wine sector is already planning to transform the surplus wine into hydroalcoholic gel.