The president of Medef, estimates that a total reconfinement would cause a collapse of the French economy.

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Anthony Behar / Sipa USA / SIPA

"If we completely reconfine as in March, we are heading towards a collapse of the French economy, we risk not recovering from it" warned Monday the president of Medef, Geoffroy Roux de Bézieux, who considers that he does not it will not be just a "10% recession" in 2020.

Asked by radio RMC, he explained that the economy was doing well in March during the first containment, so "companies have withstood the shock".

"But there the organizations are weakened," he added.

However, he qualified his remarks by asserting that: "the markets have an incredible rebound capacity, but we are going to go into something very, very hard".

Finding "a balance between economy and health"

After the establishment of a curfew which concerns two thirds of the French, requests from doctors and elected officials multiply to re-define, more or less strictly, the territory.

For Geoffroy Roux de Bézieux, the idea that the situation will worsen is very much in the minds of households, who have already reduced their consumption.

He also calls out to the fact that companies are already "very indebted": "If we reconfine in a generalized way, entrepreneurs of VSEs and SMEs will not use an EMP again", the loans guaranteed by the State put in place to support the cash flow of companies in difficulty.

"There are several very difficult months to go through, but we must hold on, finding a balance between economy and health," concluded the president of Medef, convinced that this balance must allow us to continue working.

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  • Covid 19

  • Recession

  • Coronavirus

  • Company

  • Geoffroy Roux from Bézieux

  • Economic crisis

  • Medef

  • Economy