Consume French, eat French, go on vacation in France, a lever to revive the economy? - 20 Minutes

Spend your holidays in a gîte in France, take advantage of the doubling of the ceiling for restaurant tickets to support restaurateurs, do your shopping at the local market ... With the coronavirus crisis, there are many incentives to consume French. Is this a miracle lever for reviving the various sectors weakened by the coronavirus epidemic?

It is no longer a secret: the pandemic and containment have had a very negative impact on the French economy. Interviewed by 20 Minutes , Mathieu Plane, deputy director of the analysis and forecasting department of the French Observatory of Economic Conditions (OFCE), even believes that we are "faced with an exceptional shock for the French economy". The organization has estimated activity losses during the containment period at 32%, and anticipates that, even if the situation improves with deconfinement, losses over the year could be 10%.

Favor certain sectors

Certain sectors, such as catering and tourism, have suffered greatly from the crisis. With the lifting of containment and the lifting of numerous restrictions, the players in these economic sectors can hope to get their heads out of the water, especially thanks to the summer period. If for the moment the French borders are still closed, many French residents have planned to stay in France this summer. What if going on vacation to France, eating French and consuming French would boost the economy?

For Mathieu Plane, this is not necessarily obvious. “We see that these are sectors that have suffered greatly from the crisis. So it is important, for the summer period, to have significant support from these sectors. With perhaps a risk, if we encourage consumption right away, it is that the French are turning to purchases of manufactured goods. So it can be a good thing, except that if you buy a computer, the import content is not the same as if you go on vacation in France, or if you go to the hotel or restaurant. "

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